In response to:

Cutter: Okay Fine, We've Been Lying About Romney's Tax Plan

Aura Wrote: Oct 07, 2012 12:50 PM
You don't need too many details to see that reducing tax rates but eliminating deductions puts some of us back at square one, or even paying more in taxes. You probably don't earn enough to pay federal income taxes, so you've never done a 1040 tax form, with deductions. You will pay less. But those of us who make over, say, $50,000 and have mortgage interest that we can no longer deduct will pay MORE in taxes under RMoney's shell game, I mean, tax scheme. I'm glad you will pay less in taxes, because you are poor and shouldn't have to pay federal income taxes. I agree with that public policy. But I don't think it's honest of Mitsy to imply that the rest of us will also pay less in taxes, because he's lowering tax rates. We're not.
John in Gwinnett,Ga Wrote: Oct 07, 2012 12:57 PM
I need a link where mortgage interest with no longer be deducted on taxes. I will wait patiently Aura. Should mortgage interest be able to be deducted from your taxes anyhow? You make the choice to buy a house on credit, so you agree to pay interest on that purchase.

One of the strongest elements of Mitt Romney's spectacular debate performance was his decisive rejoinder to the president's oft-repeated allegation that the Republican plans to raise taxes on middle class families.  Obama said Romney has designs on an unpaid-for $5 trillion tax cut that would eventually necessitate higher tax bills for average Americans.  Romney flatly rejected the claim by calling it false, then explained what he actually has in mind.  But the president returned to the "$5 trillion" well on several subsequent occasions, prompting more rebuttals from his challenger.  FactCheck.org and CNN reviewed Obama's accusation, and found it wanting....

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