Romney's Tax Proposal Targets Higher Income Earners

New details of Mitt Romney's plan to offset his proposed 20 percent across-the-board income tax cuts show that the loopholes he plans to eliminate would have the greatest impact on mid-to-high-income Americans. The presumptive GOP nominee, who has been critcized for planning to add a car elevator to his already $14-million vacation home, told supporters at a closed-door fundraiser on Sunday that he would "probably eliminate" the tax deduction for mortgage interest on a second home for...Full Story
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