HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Romney’s deduction cap wo... » Reply #41

Response to Cosmocat (Reply #18)

Fri Oct 5, 2012, 01:51 AM

41. That's not how it works

Mitt-level guys can't take advantage of many of the deductions and credits you and I enjoy because they're tied to income -- there is an income phaseout on many itemized deductions including mortgage interest. So if we totally get rid of the mortgage interest deduction it won't hurt the Mitts of the world one iota.

I am going to repeat this in every thread about Mitt's tax plan: Mitt Romney cannot make his scheme work unless all deductions and credits, except for charitable contributions, are eliminated. He has to except charitable contributions from his scheme because no religious person, especially the Mormons, would vote for him if they knew he was going to make their tithes non-deductible. I am not sure if he can make the nut if he does this, but he definitely can't if he doesn't.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 47 replies Author Time Post
Texas Lawyer Oct 2012 OP
fleur-de-lisa Oct 2012 #1
renate Oct 2012 #2
no_hypocrisy Oct 2012 #3
central scrutinizer Oct 2012 #7
awoke_in_2003 Oct 2012 #10
jmowreader Oct 2012 #40
bucolic_frolic Oct 2012 #4
Cosmocat Oct 2012 #18
LineLineLineNew Reply That's not how it works
jmowreader Oct 2012 #41
Cosmocat Oct 2012 #44
BlueStreak Oct 2012 #5
muriel_volestrangler Oct 2012 #14
BlueStreak Oct 2012 #15
Cosmocat Oct 2012 #21
BlueStreak Oct 2012 #25
jmowreader Oct 2012 #42
BlueStreak Oct 2012 #45
jmowreader Oct 2012 #46
BlueStreak Oct 2012 #47
Lasher Oct 2012 #6
emulatorloo Oct 2012 #8
DallasNE Oct 2012 #13
progree Oct 2012 #19
Kolesar Oct 2012 #22
emulatorloo Oct 2012 #39
CreekDog Oct 2012 #9
Kolesar Oct 2012 #16
CreekDog Oct 2012 #26
Kolesar Oct 2012 #27
CreekDog Oct 2012 #31
CreekDog Oct 2012 #11
Lasher Oct 2012 #32
CreekDog Oct 2012 #33
Lasher Oct 2012 #34
CreekDog Oct 2012 #35
Lasher Oct 2012 #36
CreekDog Oct 2012 #37
Lasher Oct 2012 #38
DallasNE Oct 2012 #12
BlueStreak Oct 2012 #17
Texas Lawyer Oct 2012 #28
OldDem2012 Oct 2012 #20
JDPriestly Oct 2012 #23
Turbineguy Oct 2012 #24
NutmegYankee Oct 2012 #43
OldHippieChick Oct 2012 #29
Texas Lawyer Oct 2012 #30
Please login to view edit histories.