Local connection: Don't discourage generosity - Hawaii News Now - KGMB and KHNL

July 2, 2010

Local connection: Don't discourage generosity

Governor Lingle vetoed a bill that would have capped tax deductions for Hawaii residents with high incomes. There would have been limits to medical, mortgage and charitable deductions.

Politicians know it's popular to soak the rich, as the phrase goes, when looking for tax revenue. I think we can all understand that. I don't think it's rooted in resentment of people who have more money than we do... it's just a simple mathematical assumption that people who have more money can better afford more taxes.

But capping charitable contributions is another story. Why discourage the wealthy from voluntarily supporting nonprofits? We want them to give, and give a lot. We'd feel pretty dumb if we tried to soak the rich, and found out that instead we were soaking the Hawaii Foodbank