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
React to this article
Latest news
Date Title
01:45a COLLECTION HOUSE : Change of Director's Interest Notice - Tony Coutts
01:45a KDDI : New Investments in August Home, Inc. via KDDI Open Innovation Fund
01:43a AKZO NOBEL : Science trio are competition stars
01:42a Oil prices fall as Iran, world powers seek nuclear deal
01:40aDJChina Shares Higher on Easing Hopes, but Fed Uncertainty Weighs--Update
01:40a COMMERCIAL BANK OF QATAR Q S C : enhances its market leading credit card...
01:38a MANCHESTER UNITED : Notts County 2 Scunthorpe 2 ; LEAGUE ONE
01:38a MANCHESTER UNITED : Notts County 2 Scunthorpe 2
01:38a BOSSA TICARET VE SANAYI ISLETMELERI TAS : Ibiza for less
01:38a TRINITY MIRROR : Draw & win
Latest news
Advertisement
Hot News 
GOLDEN AGRI RESOURCES : Share Buy Back Notice
MANCHESTER UNITED : Notts County 2 Scunthorpe 2
CHINA PUBLIC PROCUREMENT : C P Procurement places 1bn shares for HK$171m
INTEL : Asus launches new notebooks
WESTGRUND : Baader Bank begins coverage of WESTGRUND AG with ‘buy’ recommendation
Most Read News
03/29 ORANGE : brand is evolving
03/29 WESTGRUND : Baader Bank begins coverage of WESTGRUND AG with ‘buy’ recommendation
03/29 IMX RESOURCES : Outstanding initial metallurgical results from Chilalo’s high-grade Shimba graphite deposit
01:11a South Korea picks KAI, with Lockheed, for 5 billion pounds fighter jet development
03/29 Invigor Group Ltd Launches Shopping Ninja Real Time Price Comparison Browser Plug-In
Most recommended articles
01:42a Oil prices fall as Iran, world powers seek nuclear deal
01:40aDJChina Shares Higher on Easing Hopes, but Fed Uncertainty Weighs--Update
01:35aDJUse of China's Yuan as Global Payment Currency Falls
01:32a China March official PMI seen contracting for third month
01:25aDJSmall Tsunami After Papua New Guinea Earthquake
Dynamic quotes  
ON
| OFF