To the Editor:
In the Chronicle’s article “Biden’s Tax Plan Would Steer Aid to the Poor but Could Deter Some Wealthy Donors From Giving” (October 28), the author points to several proposals to hike taxes that Joe Biden and other top Democrats (even if Biden isn’t elected) will push for early next year. We should be concerned that these proposals will pause charitable giving at best and suffocate it at worst.
Why? Uncertainty about one’s own finances quite naturally makes you more cautious about committing to spend money you may not have, including giving to charity. Most people give based on the size of their wallets, and Biden’s tax increases will certainly downsize those wallets.
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