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Right-Wing Network Opposes Initiative to Increase Charitable Giving During Pandemic


March 8, 2021 - 2:06pm
During a pandemic that has claimed the lives of more than 460,000 Americans and decimated the economy, more than $1 trillion meant for charitable purposes are sitting unused in private foundations and donor-advised funds.
The Initiative to Accelerate Charitable Giving, a new project from Boston College professor Ray Madoff, philanthropist John Arnold s Arnold Ventures, and other individuals and philanthropic organizations, wants to change that and has proposed measures that Congress can take to enhance payout requirements and incentivize more individual giving.
Our proposals are designed to facilitate and encourage money getting to people s causes that they care about, Madoff told the Center for Media and Democracy (CMD). What we are opposed to is people being able to claim charitable tax benefits and not give their money to charity. ....

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Add $200 billion to the next stimulus package — at zero cost to taxpayers


Add $200 billion to the next stimulus package at zero cost to taxpayers
Henry Scott Wallace, opinion contributor
© Getty Images
Add $200 billion to the next stimulus package at zero cost to taxpayers
It s very encouraging news that a bipartisan group of senators is fed up with the months-long gridlock over a coronavirus stimulus package. As Sen. Mark Warner (D-Va.) said, it would be stupidity on steroids not to act soon, given the incalculable human suffering that will be inflicted if relief programs like unemployment insurance and moratoriums on evictions and student loan bills are allowed to expire at the end of the year. ....

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