Now, it's not clear whether he means tax liability or taxable income. As Dylan Matthews explains, that's the difference between a highly progressive (in the technical sense, not the euphemism-for-liberal sense) proposal and one that would affect a lot of middle-class households.
The White House’s budget proposal to reduce the tax deduction for charitable giving from 35 percent to 28 percent for wealthy givers “would equalize” the benefit common to all taxpayers who itemize their returns, said President Obama in his March 24 news conference.
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