GOP senator slams 'dubious' report on charitable giving

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

Sen. John CornynJohn CornynPoll shows competitive matchup if O’Rourke ran for Senate again On The Money: Trump declares emergency at border | Braces for legal fight | Move divides GOP | Trump signs border deal to avoid shutdown | Winners, losers from spending fight | US, China trade talks to resume next week How the border deal came together 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 TrumpGillibrand backs federal classification of third gender: report Former Carter pollster, Bannon ally Patrick Caddell dies at 68 Heather Nauert withdraws her name from consideration for UN Ambassador job MORE signed the sweeping tax plan into law on Friday.