StarTribune.com | User comments

Both candidates' tax plans would require sacrifice

Article by: KEVIN G. HALL , McClatchy News Service
Updated: October 4, 2012 - 8:49 PM

2
Comments

Newest first
Oldest first

1 - 2 of 2

sunnyreaderOct. 4, 1210:01 PM

Given Romney talked about a limit of $17,000 - $18,000 in deductions, I don't see how that isn't going to negatively impact lower and upper middle class families. Take away child care credits, Hope Scholarship, Mortgage deduction, medical deductions, state sales tax deductions, business deductions, charitable giving deductions and a few others, even with a lower base rate, the middle class is going to get hit very hard with his plan.

jim2011beamOct. 4, 1210:33 PM

Government will argue endlessly about which tax deductions to reduce or eliminate so here's my list - all of them! Just phase them out over 4 years (25% each year) and then eliminate page 2 of the 1040. Unlike sunnyreader Id give up all deductions in return for lower tax rates because tax deductions are much more valuable for the wealthy than the middle class. Right now I think (actually I know) both Obama and Romney (rich guys) get tax deductions I don't get. At the same time some of my friends and relatives are suspicious that I get tax breaks that they don't get (and they're right). So let's simplify, get rid of all the deductions and end the arguments and suspicion.