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Crain’s Detroit Business welcomes letters to the editor. All letters will be considered for publication best hermes replica belts psychotherapybristol.co.uk , provided they are signed and do not defame individuals or organizations. Letters may be edited for length and clarity.Write: Editor, Crain’s Detroit Business, 1155 Gratiot Ave., Detroit, MI 48207-2997.Email: [email protected]Editor: Two articles in Crain’s on March 31 reported on or endorsed reinstating Michigan’s charitable tax credits for donations to a variety of “nonprofits” that were eliminated a couple of years ago for the state to save money (“Senate bills would restore charitable tax credits for some donations,” Page 5; “Charitable credits can save money,” editorial). As part of that same sweep of savings, the Michigan Legislature and governor eliminated tax exemptions for retirees’ pensions and virtually eliminated the Homestead Property Tax Credit that hurt retirees as well. Everyone was to share the pain, right? Are there any bleeding hearts endorsing reinstating either of these two takeaways from hundreds of thousands of retirees in Michigan? There is a correlation between the drop in charitable contributions and the adverse effect that the takeaways from the seniors have had. Seniors who typically do donate to charities now find themselves with appreciably less disposable income. Couple that with the dramatic increases in food and energy prices, and a large part of the drop in charitable donations can be accounted for. Many of these “nonprofits” have many other sources of revenue, notably from other government agencies. Public universities receive sizable government funding, have huge endowment funds, and routinely raise tuition. Public broadcasting entities receive government funding and “advertising” dollars, and sponsor fundraisers. Everyone would like to have their cake and eat it, too. Who worries about seniors’ ability to cope? If the state now has surpluses, let’s reinstate some of the takeaways from seniors and then re-evaluate the “nonprofits” fates. By the way, let’s direct most of the surpluses toward fixing Michigan’s roads. Dramatically more residents, including seniors, would benefit, not just a chosen few “nonprofits.” Joseph MajcherOrchard LakeRelated LinksSenate bills would restore charitable tax credits for some donationsCharitable credits can save money
LETTERS: Consider retirees before nonprofits
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