Obama victory would decrease charitable giving

Wednesday, October 10, 2012
 | 
Charlie Butts (OneNewsNow.com)

The question of charitable giving isn't on the November election ballot, but it is an issue at stake -- and an expert on giving weighs in on how people's decisions regarding charitable contributions could be affected by the outcome of the presidential election.

Rich Dunham of Dunham+Company says a national survey was conducted among donors and found that, compared to a Romney win, an Obama victory will negatively impact charitable giving. OneNewsNow asked Dunham about the negative impact on giving if Obama retains his office.

Dunham

"Mainly it is because of impact on charitable deductions, and the fact that the federal debt limit is continuing to increase," Dunham explains.

"One of the things that donors really cared about, which was a bit surprising to us, is they really wanted to see federal spending decline -- that if it did, it would have a very positive impact on their giving."

They also wanted to see ObamaCare repealed, he reports. Those who would contribute more to charities if Romney wins cite his desire to limit federal spending, deal with the debt and repeal Obamacare, among other things.

"He wants to incentivize the development of oil and gas in order to make us energy independent, while actually the biggest factor was rising gas prices, which in the current environment and the current policies will just continue to rise," Dunham says.

He stresses the survey was done to ascertain opinions of people who do donate to charities, not to make a political statement. 

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWSBRIEF

SUBSCRIBE

VOTE IN OUR POLL

Where do you place yourself regarding the candidacy of Donald Trump?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

  Latest: Trump hires seasoned communications adviser
  England out of Euro 2016, beaten by Iceland
  Colombian army says 17 dead in crash of military helicopter
  3 bodies found in home in wealthy San Diego-area community
  Calif. wildfire 'most destructive' in county history
  Italy finally ends its losing run against Spain with 2-0 win
Supreme Court strikes down Texas abortion clinic regulations
Clinton and other pro-abortionists praise Supreme Court decision
High court overturns former VA governor's conviction

LATEST FROM THE WEB

CNN: Trump changing Muslim ban to countries with terror links
Sup. Ct. gives abortion industry 'a free pass' on women's health and safety, pro-lifers say
Secret Service stretched to limit amid heated campaign, say experts
German woman raped by 2 migrants, said they were 'having a bad day'
Barack Obama: The most pro-Islamic president ever

CARTOON OF THE DAY

Cartoon of the Day

REASON & COMPANY

NEXT STORY
Pro-gay marriage tactics display intolerance

Some proponents of "gay marriage" are getting nasty in their campaign tactics. A report out of Washington state says hundreds of yard signs supporting traditional marriage have been stolen or damaged.