Romney Ira Rule News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Provision which is a little shot at romney. i ll say that i think the bigger thing i m not hearing that much discussion of on the tax side, it s not the romney i.r.a. rule. it s not the buffett tax. neither of those raise all that much money. it s a long time plan from the administration. they ve been pushing it since 2009. to cap itemized deductions at 28%. when richer folks take a deduction for the charitable deduction or other things like that, instead of being able to deduct it at their 39.5% tax rate they d only be able to deduct it at 28%. that raises hundreds of billions of dollars. to bring this back to mitt romney, it is very similar to a proposal romney put forward during the campaign in order to in theory pay for his tax reform plan. this idea of capping deductions in order to broaden the base and even maybe you could use some of the money to lower rates down the road, that s been something that has had a lot of support among republicans recently. the obama administration ag ....

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