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" ... The size of DAFs has expanded exponentially since the first Grassley reforms were written into law several years ago. In particular, an area that was considered small and isolated (although with much potential for abuse) – the donation to DAFs of closely held stock and other similar nonmarketable items – has grown by leaps and bounds. DAFs are converting the private philanthropy conservatives want into a tax benefit program for money managers. The IACG reforms build closely on the charitable reforms first put forward by Chairman Grassley – and gets us moving back to core principles that both sides of the aisle can agree on – that charitable donations should be getting into the hands of working charities that are helping the poor and our communities. ... "
" ... Would this jeopardize the Social Security system? No. Just as was done in 2011–2012, make up the shortfall from general revenues. Anyway, Social Security's reserves, ostensibly almost $3 trillion, are illusory. There's not a penny in there, just a bunch of nonmarketable IOUs from the Treasury Department. In other words, all of those trillions were spent as soon as they were collected. ... "