Political Quotes

“from spiritual counseling to rape crisis centers, charitable organizations are vital to the health and well- being of American citizens. Charity benefits both the giver and receiver in like proportions. The act of giving elevates the heart of the giver; the act of receiving elevates the condition of the recipient. Charity is a blessed act that should suffer no discouragement from something so punitive as the tax code, which contains absurd, yet very real, disincentives to individuals willing and able to exercise the gift of charity. Such disincentives have terrible consequences in reducing the resources available to private organizations. If our tax code were not so laden with peculiarities and oddities, this legislation would not be needed. Unfortunately, in many cases under current law, a contribution results in a loss of some portion of the charitable deduction. Mr. Speaker, I am very pleased that two major components of H.R. 7 are based upon legislation I have introduced for many years, the Charitable Giving Tax Relief Act and the IRA Charitable Rollover Incentive Act.”