Word: reich
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Dates: during 2000-2009
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...grandchildren to getting a building named after oneself. An increasing number of pundits, however, believe that universities are not fully deserving of such donations, especially since these donations are tax deductible. For instance, in an op-ed in the Los Angeles Times, former Secretary of Labor Robert B. Reich argued that such donations are not to “real charities” because they do not directly serve the poor. Consequently, he argued, donors should not get a full tax deduction. This criticism, however, is a red herring for the real problem: that the government unjustly subsidizes charitable contributions...
...more somber voices come on scene. Robert B. Reich, a professor of Public Policy at the University of California, Berkeley (and President Clinton’s former Secretary of Labor) recently asserted in his Los Angeles Times op-ed that universities are often “investments in the lifestyle of the rich” and argued that donors should only be able to deduct half of their contributions to not-for-profits like colleges and operas...
...Reich rejected the idea that a change in policy would decrease donations enough to hurt Harvard’s financial aid program...
...Harvard is the richest institution of higher learning by far. Harvard has no reason to worry about financial contributions drying up,” Reich said...
...equitable in their distribution, is to increase the tax benefits of individuals who support scholarship aid,” said Peter D. Hall, a lecturer on nonprofit organizations at the KSG. He described the editorial as “simple-minded” and “unworthy of Reich...