You know, the charities sector has launched a nationwide campaign against my bill. That is why I took pains to highlight good charities in my opening comments. There are a lot of people like you who actually are involved in charities for the right cause.
My bill is really a baby step toward a restructuring of the charities sector. Right now donations are shifting from frugal charities to those that spend wildly on fundraising. By shining a light on those costs, I'm hoping that donors might make an informed decision to back frugal and responsible charities.
If we look at some hard facts, if disclosure doesn't limit the fundraising profits that are taken away from real charity, then I think the government should explore the possibility of looking at reducing tax receipts. I mean, we give tax receipts for $100 to a donor where nowhere near $100 makes it to the cause.
I guess you can debate what a reasonable fundraising cost is per dollar. I would suggest that 25% should be the maximum and after that the receipt should be reduced, maybe dollar for dollar. That way taxpayers are getting value for their share. I suspect donors would shift their money to where it's doing the most good, not where their money is being siphoned off by fundraising companies or overpaid executives.