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In reply to the discussion: Mitt Romney suggests cutting mortgage interest deduction on eve of presidential debate [View all]TexasBushwhacker
(20,144 posts)93. And what about the renters?
I'm a renter. I don't itemize deductions and my guess is most poor people don't either. Romney says he's going to cut the rates by 20%, which will be a bigger cut for the wealthy, and reduce deductions and exemptions. The poor and middle class could end up paying MORE tax.
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Mitt Romney suggests cutting mortgage interest deduction on eve of presidential debate [View all]
Faygo Kid
Oct 2012
OP
They won't be taxed because if you don't know about them you won't report them.
Kablooie
Oct 2012
#95
I feel like throwing up... I'm sorry, this is devastating to middle income people....
NotThisTime
Oct 2012
#83
for those self employed- even more devastating is his cutting the health care deduction
graham4anything
Oct 2012
#24
more proof Mittens is off his rocker - seemed that way when he went off on his boat on Labor Day
wordpix
Oct 2012
#28
if you are purchasing a home, you get a deduction for your mortgage interest but the "bucket" thing
wordpix
Oct 2012
#61
bad enough the repubs hosed us by taking our Consumer Interest deduction away...
progressivebydesign
Oct 2012
#41
Tone deaf as always. We in the bottom of the middle need to keep above water.
SleeplessinSoCal
Oct 2012
#42
Move over Spain, here comes America. We want the worst economy and most de-funded people so we
RKP5637
Oct 2012
#51
Guy with wife with deductible horse hobby, wants to screw the large families holding mortgages
HereSince1628
Oct 2012
#54