Obama Charity Tax Proposal: Hurting the Ones Who Love Him: "For the seventh consecutive year, President Obama has proposed to limit the value of the charitable tax deduction for those who give a disproportionate amount of charitable gifts: high-income donors. Once again, the President, in his budget, has asked Congress to limit the value of a deduction for a charitable gift made by high-income households to 28 percent —despite the fact that the top tax rate is 39.6 percent. "
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