Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

U.S. Senate Committee on Finance : Hatch, Camp Statement on White House “Bullying” Charitable Community in Pursuit of Tax Hikes

12/10/2012 | 06:44pm US/Eastern

For Immediate Release
December 07, 2012

Contact:

Julia Lawless/Antonia Ferrier (Hatch), (202) 224-4515
Michelle Dimarob (Camp), (202) 226-4774

Hatch, Camp Statement on White House "Bullying" Charitable Community in Pursuit of Tax Hikes

"Instead of bullying our nation's charities, the White House should look at the calendar, stop the political campaign and start negotiating with Republicans to find a real and balanced solution that ensures America can both avert our fiscal cliff and confront our debt crisis."

WASHINGTON - Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) and House Ways and Means Chairman Dave Camp (R-Michigan) issued the following statement after the White House convened a call this morning with the charitable giving community:  

"Today, the White House chose to mislead and scare America's charitable giving community, using them as pawns in an effort to achieve their tax hike proposal. This is abhorrent, wrong and needs to stop.  The truth is that the White House plan is the only one that has a cap on deductions - and it's in the President's budget for everyone to see.  Instead of bullying our nation's charities, the White House should look at the calendar, stop the political campaign and  start negotiating with Republicans to find a real and balanced solution that ensures America can both avert our fiscal cliff and confront our debt crisis.  What the White House did today is disturbingly reminiscent of how it conducted itself during congressional consideration of ObamaCare - telling groups that they better back the White House - or else.  Bullying isn't leading. These kind of intimidation tactics are unacceptable, and they need to stop now."

NOTE:  The President included a cap on deductions on page 39 of his budget proposal that can be found HERE.  As further evidence of the President's cap proposal, see this Washington Post story:  Obama Defends Push to Cut Tax Deductions for Charitable Gifts that can be found HERE.

###

distributed by
Latest news
Date Title
1m ago Orocobre Limited Construction Update on the Olaroz Lithium Project
3m ago GOERTEK : acquires the majority shares of Dynaudio
3m ago COMPUMED : Oct 17, 2014 CompuMed to Exhibit at National Correctional Health Care Conference
4m ago OROCOBRE LIMITED (ASX : ORE) (TOR:ORL) Construction Update on the Olaroz Lithium Project
8m ago ENTERPRISE DEVELOPMENT : Share subscription under specific mandate
8m ago LAMBOO RESOURCES : 22 October 2014 Hengda Agreement Signed
8m ago CTBC FINANCIAL : Announced by CTBC Financial Holdings on behalf of CTBC Life Insurance, the participation of real estate investment in Northern Region of Taiwan.
8m ago ORREX RESOURCES : Quarterly activities and cashflow report
8m ago VIRGIN AUSTRALIA : announces return of Hat Valet service for Spring Racing Carnival
8m ago AMERICAN EXPRESS : Highlights Partnership with Singapore SEO Company to Help SMEs Grow
Latest news
Advertisement
Hot News 
DOMINION MIDSTREAM PARTNERS : Closes Initial Public Offering
TUESDAY SECTOR LAGGARDS : Metals & Mining, Education & Training Services
STRATMIN GLOBAL RESOURCES : Seals Offtake Agreement With Independent Global Graphite Merchant
BLUE EARTH : INVESTOR ALERT: Investigation of Blue Earth, Inc. Announced by Glancy Binkow & Goldberg LLP
OCWEN FINANCIAL : Addresses Letter From New York Department of Financial Services
Most Read News
2h ago McDonald's CEO acknowledges image problems after tough results
3h ago More lawsuits filed against Honda, Takata over air bags
2h ago APPLE : How to Stop Apple Spying on Your Yosemite Searches
1h ago TRUECAR : to Announce Third Quarter 2014 Financial Results on Thursday, November 6th
2h ago AMGEN : Third Point urges Amgen to consider breakup
Most recommended articles
26m ago FAULTY AIRBAGS WARNING EXPANDED TO 6.1. MILLION U.S. CARS : Nhtsa
34m agoDJAustralian Inflation Eases in 3rd Quarter
35m agoDJJapan's September Exports, Trade Deficit Edge Up
42m ago Japan exports rebound in September, economy still not out of woods
44m agoDJAustralian Inflation Eases After Carbon Tax Scrapped
Dynamic quotes  
ON
| OFF