Profs start website for rich to give back tax cuts

3:30 PM, Dec 29, 2010   |    comments
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NEW HAVEN, Conn.  --  Upset the federal government recently extended tax cuts for the rich, three professors at Yale and Cornell universities have created a website that encourages wealthy Americans to give their tax savings to charities and send a political message in the process.

The professors started giveitbackforjobs.org to allow Americans "who have the means" to calculate what their tax cut would be and donate that amount to a charity. They recommend groups such as Habitat for Humanity, Children's Aid Society and Salvation Army that they say promote fairness and a strong middle class.

The professors said the contributions could replicate good government policy and, in effect, draft the government as a funding partner when the donation is tax deductible.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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