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Posts Tagged ‘impact’

Does anyone know the impact the “cash for clunkers” has on charities?

05 Mar

There are many commercials and ads asking to donate cars for charity and people usually get a tax deduction. A portion of the cars traded for “cash for clunkers” would be donated to charity. I wonder if anyone knows how many cars are usually donated yearly and whether there is a significant decline due to this “too generous” program. Thank you.

http://www.sltrib.com/business/ci_13039584?source=rss

The Salt Lake Tribune
I found one article from Utah about charities hurting, but do not know if this applies to the whole nation.

I am not trying to smear the program, but there are many unintended consequences – it is like the dominoes, you push one and they all are connected and fall, and apparently our lawmakers approved it very fast without estimating full impact it will have on our lives.

 
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