Cantor statement on the news that Dems want to cut wealthy taxpayers’ deductions on charitable contributions:
First, we must demand that Congressional Democrats don’t spend imaginary money. Second, it is not just misguided, but dangerous to raise taxes on small businesses and families that can’t afford to pay them. In fact, a majority of those penalized by the proposed tax increase in this budget are small businesses. Third, during this difficult time, charities provide vital support mechanisms for families in need of help, and this budget is a direct assault on the financial resources they require.