Non-profits WILL be hurting in an Obama administration
Non-profits depend on the charitable contributions of those persons who make 250K or more per year. What does Obama think is going to happen when their taxes are increased by 5% and yes these people already have their charitable contributions and schedule a deductions capped. Their will be less money to fund non-profits. Who is going to fund them? Do you see the "new wealthy" who are making 125-249K writing a check to non-profits for 13,000 per year - that is how much of a hit someone who makes 250K/year is going to take? And how does taxing the wealthy help the housing and auto industry? I think in the future you will see an increase in unemployment all around, a slower economy, and less charitable work (volunteer or low pay).
of OH
@
Nov 11, 2008 12:39:15 PM
Non-profits are the first to hurt in bad economies
Let's hope Obama will spur on volunteerism; however, the economy is so bad that people are not donating to non-profit orgs. Non-profits really take the hit during economic crises.
I work for a non-profit, and most of our staff are full-time volunteers. Without them our work wouldn't be possible.
A non-profit employee
of CO
@
Nov 05, 2008 15:19:33 PM
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of OH @ Nov 11, 2008 12:39:15 PM
A non-profit employee of CO @ Nov 05, 2008 15:19:33 PM
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