Dear Senator Hatch,
Congrats on the passage of the Bankruptcy Reform Act. According to the Federal Bankruptcy Court, Northern District of New York, your constituents that earn over the median income will no longer be able to deduct charitable contributions in calculating the required means test. Given that Utah has a significant Mormon population that actively tithes, their future inability will likely piss off the Church. No worries though...that vast reduction in the number of bankruptcies filed will have little impact on the Church receipts (oopss...filings are increasing and expected to reach pre-reform levels sometime next year)!
Again, congrats on a job well done for the banking industry!
No comments:
Post a Comment