Political Quotes

Dave Camp: “Just briefly on the tax provisions in this bill, this bill is about fairness. It allows those 70 percent of taxpayers…”

On the recordJuly 19, 2001
Just briefly on the tax provisions in this bill, this bill is about fairness. It allows those 70 percent of taxpayers who do not itemize ability to give charitable contributions regardless of their itemizing on their tax returns. IRS data shows that if they do, they will increase their charitable giving significantly. It also allows for tax-free withdrawals from IRAs and Roth IRAs. It also gives incentives for increased charitable contributions by businesses and employers in terms of food from restaurants or computer equipment from other businesses. This will be a real benefit to our communities. I urge support and passage of this bill.
Said by
Dave Camp
Michigan
Source
govinfo.gov

Editor's note · Context

Discussing tax provisions and their impact on charitable contributions during a floor speech.

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