GOP senator slams 'dubious' report on charitable giving

GOP senator slams 'dubious' report on charitable giving
© Greg Nash

Sen. John CornynJohn CornynGraham angers Dems by digging into Clinton, Obama controversies Trump tells GOP senators he’s sticking to Syria and Afghanistan pullout  Texas governor, top lawmakers tell Trump not to use hurricane relief funds to build border wall MORE (R-Texas) on Saturday ripped a Washington Post report saying the newly implemented tax law could make philanthropy a pursuit for the wealthy, calling the idea "idiotic."

"Idiotic. The charitable deduction is fully preserved. Also, the dubious premise is that the reason people generously give to worthy causes is so they can deduct from their taxes. Nevertheless, everyone still can," Cornyn tweeted. 

The senator's comments come after the Post reported that various American charities, such as United Way Worldwide and the Salvation Army, had expressed concerns that the Republican-backed tax plan could make it harder for middle-class donors to take part in philanthropy.

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“We don’t have any choice but to look to those higher-end donors more. We have to," Steve Taylor, vice president for public policy at United Way, told the newspaper.

“But it’s not really what we want to do, and it’s not really healthy for the charitable sector in America.”

The publication cites an Indiana University study showing donations potentially falling by at least 4.5 percent, mostly among middle-income individuals, in 2018. 

The report comes after President TrumpDonald John TrumpCoast Guard chief: 'Unacceptable' that service members must rely on food pantries, donations amid shutdown Dem lawmaker apologizes after saying it's never been legal in US to force people to work for free Grassley to hold drug pricing hearing MORE signed the sweeping tax plan into law on Friday.