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Wednesday, September 07, 2005
Smiln' Norm: Charitable giving
Sen. Smilin' Norm Coleman (R-MN) has a problem. See, according to his press release, he advocates:* Relaxing of "gift rules" so individuals or corporations can donate housing and other similar gifts to victims, and exempting the recipients from any federal or state tax implication,
On the other hand, Smilin' Norm supports the abolition of the estate tax. Republicans stand ready to bring the Paris Hilton Trust Fund Protection Act to the floor in September. The Congressional Budget Office has found that repealing the estate tax will reduce charitable giving.
So, which is it, Smilin' Norm? Is now the time to encourage charitable giving? Or, is now the time to reward your donor class?
Or, will you choose your own, special way of slippery language and obfuscation and try to have it both ways?
