NEW YORK (CNNMoney) -- What Would Jesus ... Deduct?President Obama offered a new line of reasoning for hiking taxes on the rich on Thursday, saying at the National Prayer Breakfast that his policy proposals are shaped by his religious beliefs.
Obama said that as a person who has been "extraordinarily blessed," he is willing to give up some of the tax breaks he enjoys because doing so makes economic, and religious sense.
"For me as a Christian, it also coincides with Jesus's teaching that for unto whom much is given, much shall be required," Obama said, quoting the Gospel of Luke.
So what does the Bible say about taxes?
Not too much. The Bible is silent on whether capital gains should be taxed at 15% or a higher rate. Ditto for other types of investment income. Payroll tax holidays are not mentioned.
"If you did a search on taxes in the Bible, you are not going to find a lot that's helpful for this discussion," said O. Wesley Allen, a Bible scholar at Lexington Theological Seminary.
Excerpted from the story found here.