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? I know he has to cut something to pay for those large income tax cuts, but what the heck is it? Blind faith is not going to cut it for me.
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? I know he has to cut something to pay for those large income tax cuts, but what the heck is it? Blind faith is not going to cut it for me.