Wealthy urged to donate tax savings
NEW HAVEN — Upset the government has extended tax cuts for the rich, three professors at Yale and Cornell universities have created a website that encourages the wealthy to give their tax savings to charities and send a political message in the process.
Giveitbackforjobs.org allows Americans “who have the means’’ to calculate their tax cut and donate that amount to charity.
“Extending the tax cuts for the very wealthiest Americans is frankly unconscionable,’’ Yale Law School professor Daniel Markovits said. With the website, “donors can pledge their money to support the kinds of programs that will help families, create jobs, and set the country moving toward a just prosperity,’’ the professors said.
Markovits, Yale political scientist Jacob Hacker, and Cornell law professor Robert Hockett started the campaign. Hacker coauthored “Winner Take All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class.’’
The three recommend giving to groups such as Habitat for Humanity, Children’s Aid Society, and the Salvation Army, which they say promote fairness, economic growth, and a strong middle class.
Congress approved the tax package and President Obama signed it into law this month. It retains Bush-era tax rates for all taxpayers.