2017
November
14
Tuesday

Monitor Daily Podcast

November 14, 2017
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Back from Asia, President Trump is focused on getting Republican tax reform passed. But one of the proposed changes raises this question: Should we get financial incentives to be compassionate?

You may say, but wait, the House and Senate tax proposals have no changes in charitable deductions. So, religious institutions and nonprofits (like the one that brings you this publication) won’t be hurt, right?

Actually, no. This is a little complicated, so hang in there for a moment. The standard US tax deduction would rise from $12,700 to $24,000 for married couples. That means, far fewer people will itemize their deductions. So, less paper-chase work, a bigger deduction, and a simpler tax code. What’s not to like?

But if only 5 percent of Americans itemize (down from 30 percent now), that likely means far less charitable giving.

By one estimate, donations could drop as much as $13 billion annually. That’s less money for colleges, veterans and arts groups, disaster relief agencies, churches, and community nonprofits serving the nation’s neediest.

That’s why Republican Mark Walker of North Carolina has introduced a House bill to restore the incentive for compassion: a charitable deduction for taxpayers who don’t itemize. We’ll be watching how this plays out.

Among our five stories today, we see the qualities of justice, courage, and inclusiveness at work in the world.


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Today’s stories

And why we wrote them

Alabama’s Judge Roy Moore scandal could have important implications for the balance of power in the Senate. But it also highlights a more important societal shift about the abuse of power in relationships.

Briefing: Temporary Protected Status

Forget Robert Mueller. The US Justice Department is now reportedly considering another special prosecutor, this time to look into Hillary Clinton’s role in selling 20 percent of US uranium supplies to Russia. What do we know about the “Uranium One” scandal?

Scott Peterson/The Christian Science Monitor/Getty Images
A young participant stands at a tea stop. Perhaps the largest annual religious event in the world, the weeklong march to Karbala, Iraq, attracts an estimated 13.8 million Shiites from Iraq, Iran, Afghanistan, and elsewhere.

You may be surprised to learn that the world’s largest annual religious pilgrimage isn’t in Saudi Arabia. It’s in Iraq. Shiite Muslim marchers say they’re celebrating overcoming insecurity and fear after a string of battlefield victories over ISIS.

Climate change: the science, the contributors, the milestones

At this week’s climate summit in Bonn, Germany, both ends of the political spectrum were booed: California Gov. Jerry Brown for his state’s continued use of fossil fuels and a White House official extolling the virtues of coal. Our chart looks at humanity’s path to this point, as the search continues for a balance between economic progress and stewardship.  

Karen Norris, Eoin O'Carroll, and Jacob Turcotte/Staff
Stefano Rellandini/Reuters
A man walks with dogs in a street in downtown Bologna, Italy. The place of pets in the family hierarchy is on Italian minds after a university employee was granted a paid sick day by her employer to care for her English setter earlier this fall.

If you’re not a pet owner you may roll your eyes at this next story. But there's an undeniable broadening of the concept of family among employers, at least in Europe.


The Monitor's View

Reuters
Holding a book about Lenin, Venezuela's President Nicolas Maduro attends his weekly broadcast "Los Domingos con Maduro" (The Sundays with Maduro) in Caracas, Venezuela, Nov 12.

 

The country with the world’s largest proven oil reserves was declared to be in a debt default by Standard & Poor’s this week. Like many petrostates, once-rich Venezuela has squandered its natural wealth, mainly by a poverty of democracy. To fix the debt crisis will now require that its socialist dictator, President Nicolás Maduro, return the country to democratic ideals, starting with a presidential election slated for next year.

Mr. Maduro may still find ways to delay a full default in coming months. Russia and China, both of which seek influence in the region, could offer temporary help. But with Venezuela’s red ink estimated at well over $100 billion, what’s needed is a political deal with the duly elected leaders of the National Assembly. That body was recently sidelined by Maduro.

Successful talks are the only path for curbing the misrule and corruption that have led to a decline in Venezuela’s oil production, a shrinking of its economy, mass shortages in food – and the accumulation of the world’s largest public external debt as a share of gross domestic product.

Maduro cannot stay in power long if he defaults on all foreign debt. Creditors will be able to seize the country’s assets abroad, such as cargo ships and the Citgo company in the United States. That would jeopardize the flow of oil revenues. In addition, both the US and the European Union have imposed new economic sanctions on the regime over its human rights abuses and anti-democratic tactics.

Maduro still has a chance to save his country from further ruin. A new round of internationally mediated talks is planned between the government and the opposition in coming days. The focus should be on holding well-monitored and fair elections for a new president. Then the country, under new leadership, can start to wean its economy off oil and invest in people’s skills and create useful ideas for non-oil businesses.

Norway is a good example of a petroleum-rich nation that has been prudent in recycling its natural wealth into building a non-oil economy. Saudi Arabia is only now trying to overcome the mistake of being a corrupt petrostate under dictatorial rule. As in Russia, the Saudi regime has long used oil riches to stay in power.

With a full default looming, Venezuela can now escape the so-called resource curse of petrostates. All it would take is to put power back in the hands of the people with pluralist and transparent democracy.


A Christian Science Perspective

About this feature

Each weekday, the Monitor includes one clearly labeled religious article offering spiritual insight on contemporary issues, including the news. The publication – in its various forms – is produced for anyone who cares about the progress of the human endeavor around the world and seeks news reported with compassion, intelligence, and an essentially constructive lens. For many, that caring has religious roots. For many, it does not. The Monitor has always embraced both audiences. The Monitor is owned by a church – The First Church of Christ, Scientist, in Boston – whose founder was concerned with both the state of the world and the quality of available news.

“Ye shall know the truth, and the truth shall make you free,” promised Christ Jesus (John 8:32). What is this truth he was talking about? A statement he made in a collection of teachings called the Sermon on the Mount is telling: “Be ye therefore perfect, even as your Father which is in heaven is perfect” (Matthew 5:48). When confronted with imperfection – limitation, injury, illness – Jesus brought more of God’s perfection to light through healing others. These healing works showed that God’s spiritual perfection can be brought out more and more in human experience. Today’s contributor found this true when a friend was quickly healed of injuries after he prayed to understand that our existence is wholly, unchangeably based in God’s wonderful, spiritual perfection. 


A message of love

Josh Reynolds/Ocean Spray/AP
Ocean Spray celebrates the final cranberry harvest of the season with a 720-square-foot cranberry bog display at the Prudential Center Plaza in Boston Nov. 14. Cranberries, the commonwealth’s top food crop, have been cultivated commercially for more than 200 years.
( The illustrations in today’s Monitor Daily are by Jacob Turcotte. )

A look ahead

Thanks for joining us today. Come back tomorrow: We’re working on a story about the conservative principles driving the different House and Senate tax reform proposals.   

More issues

2017
November
14
Tuesday

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