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Tue Oct 2, 2012, 09:31 PM

Mitt Romney suggests cutting mortgage interest deduction on eve of presidential debate [View all]

Source: Newsday

DENVER - Offering deficit-cutting ideas before his first debate with President Barack Obama, Mitt Romney says he might be willing to reduce income tax deductions used by millions of families for home mortgage interest and health care costs.

He suggested the changes could be part of a plan that includes a 20 percent cut in tax rates across the board, continuation of upper income tax cuts that Obama wants to end and a comprehensive tax overhaul plan that the Republican presidential contender has so far declined to flesh out in detail. Romney says his overall plans would invigorate the slowly recovering U.S. economy. . .

. . . In an interview Monday night with Denver TV station KDVR, Romney said, "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 health care 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." . . .

Read more: http://www.newsday.com/news/nation/mitt-romney-suggests-cutting-mortgage-interest-deduction-on-eve-of-presidential-debate-1.4066809



Got to have that 20 percent tax cut for the Koch brothers, after all. As Ryan said, that's the most important thing of all.

So long, Mittens, and good riddance.

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