Posted on 12/11/2014 10:17:59 AM PST by 11th_VA
House Democrats blocked legislation on Thursday that would have permanently extended three tax credits for charitable giving, ending an effort to give nonprofits a last-minute victory.
The bill got a strong majority in the House, with 275 members voting for it, including 47 Democrats. But the measure fell eight votes short of the two-thirds majority it needed to pass, with 149 Democrats voting against it after House Democratic leaders whipped against it and President Obama threatened a veto.
The vote ends a last-ditch effort by the nonprofit sector to get three of its priorities into law for good, after a broader deal that would have accomplished that fell apart last month. The measure was pushed by Congresss top tax writers, House Ways and Means Committee Chairman Dave Camp (R-Mich.) and Senate Finance Committee Chairman Ron Wyden (D-Ore.), but would have faced a difficult path in the Senate even if it had cleared the House.
(Excerpt) Read more at thehill.com ...
Democrats don’t like giving to charity... they prefer to receive!
Better to set the US corporate tax rate to zero and then you don’t need a code governing so-called non-profits. Only people pay taxes.
Oh, I thought they just make those up as they go along. Only when they’re in power I guess.
“Democrats want to be the gatekeepers of all charity given out in this country. They love to give away other people’s money ...”
What they really love is that as intermediaries, some of that money inexplicably sticks to THEIR fingers.
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