Becket Adams
The Blaze
10/3/2012
One of the chief criticisms of Republican presidential candidate Mitt Romney and his running mate Paul Ryan is that their talk on tax policy solutions has been both vague and dangerously thin on details. However, while many in the media were focusing on “lowered expectations” and debate details, Gov. Romney on Monday announced some specific solutions.
Simply put, along with his proposal to cut taxes across the board by 20 percent, Gov. Romney also proposed capping itemized deductions at $17,000 per filer.
“As an option you could say everybody’s going to get up to a $17,000 deduction; and you could use your charitable deduction, your home mortgage deduction, or others — your healthcare deduction, and you can fill that bucket, if you will, that $17,000 bucket that way. And higher income people might have a lower number,” said Romney during an interview with Denver’s FOX31.
“Or you could do it by the same method that Bowles-Simpson did it where you could limit certain deductions, but that’s the sort of thing you do with Congress,” he added…
…And, of course, the Obama campaign has attacked Romney’s idea as not good enough…
Read the entire article at The Blaze.
