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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMitt Romney Refuses To Say Which Tax Deductions He Would Eliminate
In a wide-ranging interview with Time Magazine, Mitt Romney declined to say which deductions he would eliminate from the tax code in order to make his plan to cut tax rates across the board revenue-neutral.
"I know our Democrat friends would love to have me specify one or two so they could amass the special interest to fight that effort," Romney told managing editor Richard Stengel when asked to specify which deductions he would eliminate. He then launched into a general discussion about ways to limit deductions, saying the choice would be made "in consultation with Congress" -- in other words, after the election.
He added that he would maintain the mortgage-interest deduction, health care and charitable contribution deductions, the first two of which are the most expensive. All three deductions are popular.
Romney has been specific about which deductions he would limit -- in private. In April, he told donors that he would probably eliminate the second-home mortgage interest deduction and limit state and local property tax deductions for high-income earners, according to NBC News.
more: http://www.huffingtonpost.com/2012/08/23/mitt-romney-tax-deductions_n_1824410.html
Response to maddezmom (Original post)
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TwilightGardener
(46,416 posts)dkf
(37,305 posts)Why doesn't that make sense? Don't you want change done by Democrats versus Republicans?
The status quo of tax policy sucks.
I don't get people here who only want a D to win, and are satisfied at that.
Yavin4
(35,445 posts)Wanting a D to win makes perfect sense.
Yavin4
(35,445 posts)Romney, and the Republicans, have no intention whatsoever of getting rid of ANY loopholes in the tax code. Take the 2nd mortgage deduction as an example. You really think that the NRA (National Realtors Association) is going to let that one get passed?
This is a joke. The Republicans have no intention of lowering the deficit. They need the deficit as a bulwark against any increased social spending. They just want to lower taxes on the wealthy, end of story.
I expected more from you. I am disappointed.