I have tried googling the details on Romney's tax plan but all I can find are sweeping statements about a 20% reduction in income taxes, repealing estate taxes, reducing corporate tax rates and getting rid of taxes on investment income if your AGI is less than $200k.
Specifically I would like to know if he is going to abolish or reduce the earned income tax credit, the child tax credit, and the mortgage interest deduction to pay for the above cuts as he has stated his plan would be revenue neutral. On his website there is no mention of what will be cut to pay for the above tax reductions and I can't find anywhere what his plans are for these 3 tax credits.
Anybody know? If not, will Romney tell us what he plans to cut before election time or are we expected to just vote and hope for the best?
“We are all born ignorant, but one must work hard to remain stupid.” ― Benjamin Franklin
Can you ask that on his site?
No more voting and hoping for the best, it hasn't worked well recently......
I cannot ask on his website but on other politcal forums we have deduced from what he has released to the public part of his plan is to let the expanded portion of the child care and earned income credit expire, but there is no mention on the mortgage interest deduction or the original portion of the child tax or earned income credit. I have been told he will not be releasing this information prior to being elected, so I am guessing I have my answer on these tax credits right there
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