I wish you would occasionally research an issue prior to posting your Clown Hall crap. It's easy for anyone to just scan the headlines for right-wing garbage that suits your anti-Obama, "we're slouching towards socialism" mantra, however, you end up looking simple minded most of the time.

Here are some facts you missed in your cut-and-paste post:

* The proposed tax change would not be imposed during a recession. Instead, it would begin in 2011 – at which point we expect the economy to be recovering.

* Tax change example: "If you’re a teacher making $50,000 a year and decide to donate $1,000 to the Red Cross or United Way, you enjoy a tax break of $150. If you are Warren Buffet or Bill Gates and you make that same donation, you get a $350 deduction – more than twice the break as the teacher.

This proposal walks that difference back some of the way – it would limit the tax benefit for Buffet or Gates to $280. In other words, we are not eliminating the deduction – just reducing it to 28 percent (or $280 on the hypothetical $1,000 contribution) for the 5 percent of families at the very top of the income distribution. That is the same tax benefit that they would have enjoyed at the end of the Reagan Administration."

* About 75 percent of overall contributions would not even be affected by the proposed income tax change – because the contributions come from individuals who would not be affected or from corporations or foundations not subject to the individual income tax.

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