I don’t pretend to know what’s in Romney’s plan - because you’re right, he gives no details. However, both he and Ryan have repeatedly stated that they will lower the overall tax rate and make up for it by eliminating deductions - so which deductions?
Then you should probably stop saying that 5 billion dollar thing. If you don’t know, then you don’t know. I have no problem asking a candidate to provide more details, but to claim there are no details and then go on to say exactly what the candidate’s program does, is disingenuous.
Charitable giving is one of the biggest tax deductions people use. What do you think will happen if that is eliminated? I don’t like the uncertainty of wondering whether or not it’s on the table. It would be devastating to charitable organizations that depend upon their 501(c)3 status to encourage donations. I wouldn’t worry as much about it if the Catholic Church, like the Mormon Church, imposed a 10% tithe on all its members. Maybe that is Ryan’s plan - to get the Church to start imposing a tithe.
I have seen nothing which suggests they are eliminating deductions for charitable giving. I’ve read the Ryan budget, which is open source for all to see, and I don’t see that.
paulryan.house.gov/uploadedfiles/pathtoprosperity2013.pdf
There are conservative Catholics in my parish who think the Church should impose a 10% tithe to weed-out those who do not contribute enough. They complain about having to foot the bill for things like religious education classes for public school kids whose parents never go to Church. I can see their point, but I fear they care more about money than about fostering the only chance we have to reach some of these kids. They don’t seem to understand that if we loose the parents - we loose the kids too.
That’s why I don’t support the idea of a tithe and want a guarantee that charitable deductions will remain in the tax code.
My understanding is that Jewish synagogues often impose a “joining fee” or something along those lines. I would be against that approach, but I do feel that many families could do more, including mine.
Our parish accountant at my previous parish told us on many occasions that if every family in the parish would just give up enough money for one happy meal a week, we could pay off the mortgage on the church building in 3 years, but that only about 30% of parish families donated anything at all, and then nowhere near 10%.
Bottom line, its a tough issue and would support keeping those deductions in as well. Though, part of me feels odd about taking a tax deduction to help build up the kingdom of God. One year I submitted all of that stuff for my taxes, and another year I have not. I’ve not decided what I am going to do this year. Please understand, I am not suggesting that standard for others, merely that it is something I struggle with.
At the end of the day, though I have seen nothing indicating that they are planning to go away with those deductions, some of what we are going to have to do as a country is going to be painful for many. We are 16 Trillion dollars in debt and this President has added debt twice as fast as his predecessor who added it way, way, way too fast. We are going to have to make tough choices as a nation but the road which we are on right now is going to take us right off a cliff.