Obama Defends Push to Cut Tax Deductions for Charitable Gifts

Obama said the change would help equalize the tax break for those donating to charity. "When I give $100, I'd get the same amount of deduction as when some -- a bus driver who's making $50,000 a year, or $40,000 a year -- give that same $100," he said, adding that the provision would affect about 1 percent of Americans.
Obama Defends Push to Cut Tax Deductions for Charitable Gifts
President Shifts Emphasis From Wall Street to Budget

Obama defends his strategy
Administration Wants to Expand U.S. Control of Financial System