Americans donate their time and resources to charitable organizations not only because of their generosity, but because they know that these actions will help enhance our communities, improve opportunities for our children, and create higher standards of living for our neighbors. As our economy continues to stagnate, we need to do all that we can to help these charities who provide services for communities all over this country. That's why today I want to remind my colleagues that January is fast approaching, and that means the largest tax increases in American history are just around the corner. With the traditional season of giving well under way, tax uncertainly is causing individual and corporate charitable donors to think twice before opening their wallets; and that's, in turn, worrying many charities across this country in their greatest time of need. Mr. Speaker, it is time that this Congress take action and address this issue on behalf of all Americans.
Erik Paulsen: “Americans donate their time and resources to charitable organizations not only because of their generosity, but because…”
Editor's note · Context
Paulsen addresses the impact of tax increases on charitable donations and the need for congressional action.
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