It appears that, in addition to its other ill effects such as widening the gap between rich and poor and undermining the nation's self-image as a meritocracy, repealing the estate tax will deliver a body blow to charities of all stripes -- the Congressional Budget Office estimates that donations will fall by approximately 12%. This could cripple arts institutions, but it's really those serving the poor and needy that will have to scrape by on far less than enough. But the trust fund set will be comfy, anyway...
(via rc3.org)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment