Well, there goes the entire housing market for the over $350,000 home for years. And anything over a million, see ya. I wouldn't touch it with a 10 foot pole. You bought it, you own it. Forget about trading up. All these homeowners in Mc Mansions or high housing cost areas like the major metro areas are hopelessly and finally screwed. And its nice that charities are getting the shaft too. Who do you think gives their money away - broke people? No - its the wealthy who do. Obviously, there's some potential competition between charities/ngo's and the Obama admin, so guess who's going to win? Depend upon the government for help, as there won't be alternatives. This is really unbelievable. Didn't think we could get worse than Bush. I stand corrected. Talk about a major gaffe.
Any cut on charitable contributions only hurt one class.... THE CLASSES THAT HAVE TO USE THE CHARITABLE SERVICES... (the poor) We're on our way, the United Socialist America.