Jonathan Allen Retweeted Senator John Cornyn
FWIW, the charitable deduction exists primarily because of the fear that people wouldn't donate without it, according to JCT. also, during year when there was no estate tax (2010) charitable contributions nose-dived b/c heirs didn't need the deduction. https://www.jct.gov/publications.html?func=download&id=4506&chk=4506&no_html=1 …https://twitter.com/johncornyn/status/944721917231226880 …
Jonathan Allen added,
Senator John CornynVerified account @JohnCornyn
Idiotic. The charitable deduction is fully preserved. Also, the dubious premise is that the reason people generously give to worthy causes is so they can deduct from their taxes. Nevertheless, everyone still can. https://twitter.com/washingtonpost/status/944718614384513024 …
5:09 PM - 24 Dec 2017
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