They mentioned caps on deduction, mortgage deductions, capital gains etc.
The details are just not locked in yet.

If a deduction is capped at $17K then the wealthy would be defined as
anyone that would be restricted by that is my guess

.

On Fri, Oct 12, 2012 at 11:42 AM, Scott Stroz <[email protected]> wrote:
>
> One thing I find bothersome is that in the 2 debates so far, both Gov.
> Romney and Rep. Ryan have not mentioned any 'loopholes' or
> 'deductions' they think can make up difference in the 20%
> across-the-board tax cuts. Even when asked for items they feel
> could/should be 'on the table' they fall back to the 'it will be
> bi-partisan Congressional decision'.
>
> I will never scoff at lower taxes, but before I could get on board
> with their tax plan, I would need to know at least what  loopholes and
> deductions they _think_ can fill the gap left by the 20% tax cut.
> Something...anything.
>
> Also, I tried looking and did not find anything, has the Romney/Ryan
> camp defined what they consider to be 'wealthy' under their plan?
>

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