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« I Told You So | Main | John Kerry's Economic Woes » June 23, 2004Tax Cuts Power Rise in CharityABC News has more on yesterday's report of an increase in charitable giving by Americans last year: Charities had been worried that recent tax reforms, included phasing out the estate tax, might hurt donations, but gifts by bequest showed the greatest increase in 2003. With support from higher household net worth, estate giving rose 12.8 percent to $21.6 billion, from $19.5 billion in 2002.The Bush tax cuts allowed people to keep more of their own money to do with as they wished. It seems they wished to donate more of it to charity. The increase in charitable giving by Americans is, undeniably, an achievement of the policies of President Bush. I'm currently looking for a state-by-state breakdown of charitable giving to compare to the political "red/blue" maps... Posted in Economy & Business
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This may have it but I'm not sure: http://www.charitynavigator.org/ Posted by: Lance at June 23, 2004 12:08 PMPost a comment
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