Credit for Contributions to a Public Universities’ Research Infrastructure Projects
Middle-class Americans aren’t the usual donors to colleges and universities. Especially not when it comes to project-specific donations. Nonetheless, Democrats are creating a credit for contributions to public universities’ research infrastructure projects.
The “public university research infrastructure credit” is an amount equal to 40 percent of the qualified cash contributions made by a taxpayer during such taxable year for a qualifying project. The credit amounts allocated to a certified educational institution for all projects cannot exceed $50,000,000 per year, and the total amount of qualifying project credit amounts that may be allocated can be up to $500,000,000 for each 2022 through 2026 – or $2.5 billion in total.
The legislation has encountered significant opposition hot just because of its progressive slant but because it spends so much money to stimulate the economy at a time when it appears to be recovering from the downturn caused by the COVID pandemic lockdowns. Some say that should have been anticipated once the Democrats took over both chambers of Congress and the White House. “Democrats can’t resist turning every moving legislative vehicle into a giant pork barrel, but this one is even more egregious than we expected,” the Committee to Unleash Prosperity’s Phil Kerpen said.
Peter Roff can be reached at RoffColumns AT GMAIL.com. Follow him on Twitter @PeterRoff.
Peter Roff
Peter Roff is affiliated with several Washington, D.C. public policy organizations and is a former U.S. News and World Report contributing editor who appears regularly as a commentator on the One America News network. He can be reached by email at [email protected]. Follow him on Twitter @PeterRoff.
There’s a piece of the pie for everyone.
What happens when the pie is gone?
No Prior Experience Or Skills Required. XYZ Be Your Own Boss And Choose Your Own Work Hours.
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Milley is just one more CATHOLIC TRAITOR. Pelosi, Biden, McConnell, Kerry,
Blinkin (Sec. State) SCOTUS are all CATHOLIC TRAITORS.
This is the entire head of the US govt!
Mess things up beyond repair, then declare a great victory.
Have you ever heard of a CATHOLIC nation that was not bankrupt?
Have you ever heard of a CATHOLIC nation that was successful?
Have you ever heard of a CATHOLIC nation that had an infrastructure?
Have you ever heard of a CATHOLIC nation that is educated?
Have you ever heard of a CATHOLIC nation that is not corrupt?
Have you ever heard of a CATHOLIC nation that is not crime ridden?
The only difference between Muslim and “C” is the continent they destroy.
R and D mean nothing. Catholics are Catholics, NOT Americans.
Let’s keep religious institutions out of the discussion. I’m not “C” but I am a Christian. There are a lot of good and a few bad people in all religious groups. This is all purely political ideology and not religious. It’s socialism! Let’s focus on the evils of socialism.
Alfie was probably raped by a priest
The country is going through financial issues so the communist democrat cult party says spend like there is no tomorrow! And they beat the drum of just tax the rich, what a bunch of donkey holes!
None of the communist democrat cult party members know anything about economics except to keep printing money when you run out! This concept has worked so well in the banana republic for which they stand! (they are all broke)
Fire all communist democrat cult party members from all offices and deport them to Afghanistan!
Well, My children , all grown and on their own, will have to pay for the vast unprecedented printing of fiat money by the Democrats and socialists in our society. My kids believe in global warming and the green new deal. We paid for their college education but they still think that there is “Pie in the sky” along with the Marxists from the Northeast. Bernie Sanders has got all our children snowed in with his sinister “Everything is free” programs and the Deocrats pass legislation to fund the Green new Deal with printed up money that will only go to cronies and almost nothing will improve our infrastructure. I doubt that the pencil pushers and laptop benders can do any real work. I worked as a pipefitter and engine mechanic until my industries were shut down ( Never to Return ). These progressive kids and little old ladies ( widows of the working class worn out and dead men ) vote for the lying ,scheming, lazy Democrats. The tab for all their spending will not fall on the rich who are now offshore. What a swan song for an old man!
May all who voted to keep this hypocrite in office, feel the financial pain as well as the Immigrant pain of destroying your State.