Thursday, January 21, 2010

Tax Deduction for Haiti Relief

Nancy Pelosi wants to give Americans a tax break who contribute money to the Haiti earthquake relief efforts in order to stimulate more contributions.

Writing in her blog, The Gavel, San Fran Nan's aide, Karina, explains,
Americans are responding with generosity and compassion to the devastating earthquake in Haiti, donating their hard-earned money and time — which can literally mean the difference between life and death to many Haitians and others struggling through this tragedy and devastation. Today, the House unanimously passed legislation (HR 4462) to provide an immediate benefit for those who have already given and incentive for those who are considering a charitable contribution.

The legislation allows individuals making a charitable contribution after January 11th and before March 1st to victims of the earthquake in Haiti to claim these charitable contributions on their 2009 tax return. Without this change, taxpayers would need to wait until next year to claim a deduction for these contributions on their 2010 tax return. The bill also includes a provision allowing those who text messaged a donation the ability to use a phone bill as proof of donation.
And, under Current Legislation, Nancy writes,
"The American people are responding with generosity and compassion to the devastating earthquake, donating their hard-earned money and time -- which can literally mean the difference between life and death to many Haitians and others struggling through this tragedy and devastation. Donors have contributed more than $220-million to major U.S. relief groups, with $22 million made through cell phone text messages.

On January 20th, the House unanimously passed H.R. 4462 to provide an immediate benefit for those who have already given and incentive for those who are considering a charitable contribution. We must do everything we can to help the people of Haiti and the aid workers working so feverishly on the ground to help them. The bill allows individuals making a charitable contribution after January 11th and before March 1st to victims of the earthquake in Haiti to claim these charitable contributions on their 2009 tax return. Absent this change, taxpayers would need to wait until next year to claim a deduction for these contributions on their 2010 tax return. The bill also includes a provision allowing those who text messaged a donation the ability to use a phone bill as proof of donation."
What?! Nancy Pelosi, Democrat Speaker of the House of Representatives is saying lower taxes encourages people to give more, lower taxes is a good thing for an economy? Unbelievable!... not that she knows this to be true, but rather that she would actually say it and put it in writing for all the world to see. Yet, she still holds dear that Americans aren't taxed enough and must be forced to pay more with threats of legal action. Unbelievable...





The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.

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