Did you know that, should the urge strike, you can write a check to the government AND instruct them to use your ‘donation’ to reduce the deficit. Simple click pay.gov and follow the instructions. I offer this opportunity by way of calling your attention to Patriotic Millionaires for Fiscal Strength.
Matthew Continetti, ever the cynic, observes:
Now, these ultra-rich progressives may be reluctant to hand their fortunes to the federal government because the donation is tax deductible. If that’s the case, I’m sure the Obama administration would be happy to modify this tax expenditure so that conditional gifts to the Treasury by liberal millionaires and billionaires are taxed just like regular income, capital gains, dividends and estates. That way everyone will be happy. Unless of course groups such as Patriotic Millionaires for Fiscal Strength are more interested in striking a self-righteous pose than in serious public policy