Good News for the Tax Man? Probably Not
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"Key Indicators of National Mood Fall to New Lows," Harris Interactive reported this week--and with April 15 right around the corner, most Americans can be forgiven if they're a little bit grumpy today.
The Wall Street Journal reports that a California congressman Republican is doing his part to lighten the mood:
California Republican John Campbell yesterday introduced in the House his "Put Your Money Where Your Mouth Is Act," which would amend the tax code to allow individuals to make voluntary donations to the federal government above their normal tax liability. The bill would place a new line on IRS tax forms to make this easy.
Mr. Campbell says he has heard the "cries" of those wealthy Americans – Mrs. Clinton, Warren Buffett, Barbra Streisand – who reject the lower tax rates passed in 2001 and 2003 and complain that they and their fellow rich don't pay enough. "It's a great injustice that citizens wishing to fulfill their dream of paying more taxes cannot simply check a box on their 1040 form to make a donation," he says.
A fabulous idea, as massive charitable donations aren't exactly roaring into government coffers. Last year, the Treasury received $2.6 million--a blip in the national budget--from sympathetic souls across the country.

