How Much Revenue Would a Cap on Itemized Deductions Raise?
In last night’s debate, Mitt Romney repeated the idea that he could pay for much or all of the 20 percent rate reduction and other tax cuts in his tax plan by capping itemized deductions at $25,000. He...
View ArticleUnderstanding TPC’s Analysis of Limiting Deductions
The Tax Policy Center’s new tables showing the revenue and distributional effects of capping itemized deductions have received a great deal of attention since we released them on Tuesday. Our results...
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