President confuses charitable tax deduction with spending

I am confused.  I thought there was a difference between "revenue and expenses"  Taxing and spending .. 

In his speech last night the President of the United States said  “The tax code is also loaded up with spending on things like itemized deductions,” Obama said. “And while I agree with the goals of many of these deductions, like home ownership or charitable giving, we cannot ignore the fact that they provide millionaires an average tax break of $75,000 while doing nothing for the typical middle-class family that doesn’t itemize.”

The tax code is not loaded with spending .. your budget is loaded with spending! That's the problem! 

It is absolutely frightening when he says that charitable giving ..(non-profits) really doesn't do a thing for the middle class .. I thought that the third sector existed to help the less fortunate among us.  ...  I guess that it's only large government spending programs that do ..

Oh my Atlas Shruged.  Careful non-profits ... as goes the charitable deduction so goes you.  The government is going broke, don't expect to be funded with tax dollars or find a job in a government office building.








Read more: http://www.ibtimes.com/articles/134446/20110414/obama-calls-for-limits-on-itemized-deductions.htm#ixzz1JXARLpEu