“His plan would also eliminate the tax deduction for charitable contributions. Charities are already suffering becuase of the recession. This wiould deepen the problem by eliminating any large cash donations and car donations. http://www.cars4charities.org/”
“Everyone is not getting something out of Cash for Clunkers. The cars being turned in for vouchers are the cars that previously would have been donated to charity for a tax deduction. Charity car donation was left completely out of the entire program even though both the Congress and Senate were told of the problem months and months ago. Apparently, charities are not a big enough lobbying group.”
CaptainVideo on Aug 6, 2009 at 09:13:19
“Right wingers only care about the poor when they can use them to try to score political points. Otherwise they are perfectly willing to let them starve.”
“Not only the government taking money away from people who are not buying a new car (since their tax dollars are being used to fund it), they are also taking money away from the charities that rely on car donation to fund their programs!”
“Most "clunkers" won't qualify for a voucher due to the many restrictions. In those cases, car donation is a good alternative. The donor gets a tax deduction and the charity gets the proceeds of the sale of the donated car. For details go to http://www.cars4charities.org.”
“Cash for Clunkers has another negative consequence. It will harm donations of cars to charity because the voucher is much greater than the tax deduction for donating a car. Congress could have stimulated car sales by just returning to allowing car donors to claim the book value as their tax deduction. Since most donated cars are recycled, there would be an environmental benefit as well.
Karen Campese. CEO
“Most vehicle donated to charity are now eligible for a voucher under the cash for clunkers program. Since the voucher is much greater than the tax deduction, charities will be out millions of dollars. the government should just increase the tax deduction and not spend $billions on vouchers. http://www.cars4charities.org”
NakedMoleRat on Jun 25, 2009 at 11:46:28
“Too bad!!! The only thing any charitable organization will do with that car is turn around and sell it, which then keeps that clunker on the road, guzzling more gas.
Also if I donate the car to you, what benefit does it have for me? You are not going to give me $3500 to $4500 for a car whose book value is worth $1500, are you? What will you give me, a percentage of $1500? I will then have to save up for a down payment.
In one of your other posts you said many of the cars are recycled. With this program, all the cars are recycled.
One final thought, with a donation, I get a tax deduction. With this program, I get a higher mpg car.
“Many of the cars that are donated to charity will be eligible for a voucher under cash for clunkers. The tax deduction for donating a car to charity is much less than the voucher. Therefore, charities will lose many donations and the money they generate. A better idea is to go back to allowing the donor to claim the book value for their car donation. This way all vehicles are eligible, the government doesn't have to spend $4 million on vouchers and administer a program with rules which are not enforceable! Since many of the cars that are donated are recycled there is an environmental benefit as well!”
“60% of the cars that are currently donated to charity will be eligible for voucher under the cash for clunkers program. Since the tax deduction for donating a car is only $500 or what the car sells for, charities won't be able to compete. A better idea is to just go back to allowing the donor to claim the book value for their car donation. This way all vehicles are eligible, the government doesn't have to spend $4 million on vouchers and administer a program with rules which are not enforceable! Since many of the cars that are donated are recycled there is an environmental benefit as well!”