But, as always, he refused to enumerate a single deduction he would erase.
It was he who defended his ticket's proposal for a purportedly revenue-neutral $5 trillion tax cut without naming a single deduction that would be eliminated to balance the books; he who vigorously claimed that it would be a mischaracterization to call a plan for giving older people money to buy health insurance instead of Medicare a "Medicare voucher program".
"And they won't name those deductions, not a single deduction that they will close because they know that is bad for their politics..
Although SALT deductions are one of the more contentious details the GOP will have to duke it out over, every single deduction has a constituency willing to fight to the death for it.
It would eliminate every single deduction, exclusion and credit in the tax code, which economists call "tax expenditures," and sharply reduce tax rates to three brackets of 8, 14 and 23 percent.
But the president's plan, which would be phased in over a decade and would double the standard deduction for two-income couples to twice the amount of a single filer's deduction, is more limited than various Republican proposals.
But as Cutter pointed out, and to repeat my own argument, Romney has not specified a single loophole or deduction.
By eliminating one tax deduction of $4,050 per person, and replacing it with an increase of $11,300 per family in a separate deduction, a married couple raising a single child loses $850 of deductions – likely meaning an approximate $100 tax increase.
He also earned $4,500 in a summer job, but both the earnings and the capital gains are tax-free to him because he gets the benefit of a single person's standard deduction, and, as a full-time student, he can claim a Hope credit, which offsets the income tax of $678 that would otherwise have been due.
As a result of biological complexity and uncertainty in evolutionary deductions, a single domain definition might fail to address the real process of a domain's origin.
In other cases, couples pay the penalty because the standard deduction for couples filing jointly is less than half the standard deduction for a single filer.
