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June 23, 2004
Hobbs Blames Bush for increased Charitable Giving
In addition to stimulating the economy, it now appears that the recent Bush tax cuts have helped stimulate an increase charitable giving. Hobbs cites the New York Times in this post that illustrates how the private sector will step up if given the opportunity. In fact, this pattern goes back to the Reagan tax cuts, according to this commentary from the Chronicle of Philanthropy cited in Hobb's article.
Posted June 23, 2004 07:35 AM
Comments
It's great to read that Americans are giving more cash -- it's even better to read, when possible, that it's achieving good results.
It might be good to highlight the crowding out issue -- how gov't "charity" to all manner of good deeds, simultaneously reduces the need (the gov't will do it, so you don't have to) while also requiring higher contributions, leading to ideas of "well, I gave on April 15".
Posted by: Tom Grey at June 24, 2004 08:25 AM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
