Romney Specifies Deductions He'd Cut

wsj ^ | 4/15/12 | s murray

[Sola Veritas]

“Romney talked about flattening taxes, which necessarily has to be done by removing or limiting deductions and lowering rates.”

Why is that? Why doesn’t he advocate keeping deductions while lowering tax rates. Less money in federal hands and more money in the hands of people so it can flow back into the economy or be invested, or saved.

What is being advocated is just shifting who pays the taxes, it isn’t about lowering overall taxes. This is income redistribution. What is the catch word for that?????

[longtermmemmory]

The luxury tax killed the luxury boat industry which ended jobs and killed those people from buying first homes.

the solution is to make ALL residential mortgages deductable.

[mykroar]

You have been sig’d. Just go with it.

[spokeshave]

During the backyard event, which could be heard by reporters outside on a public sidewalk, Mr. Romney offered policy specifics he has yet to unveil on the campaign trail.

..........snicker