Sentence examples for deduction cap from inspiring English sources

"But if you design a deduction cap the wrong way, you decimate the charitable sector".

Since any deduction cap is likely to aim at higher earners, expensive houses would be most affected.

(PEP stands for personal exemption phaseout, and Pease for former Representative Donald J. Pease, the Ohio Democrat who created the deduction cap).

David: In an ideal world I would cap the mortgage deduction, cap the employee benefits health insurance deduction and cap the state and local taxes deduction.

He could cap the mortgage interest deduction, cap social security benefits, raise taxes on the rich, raise taxes on capital gains and embrace other measures to redistribute money from those who are prospering to those who are not.

While Congress hasn't gone along with the president's deduction cap in the past, he said, it has become more focused on re-examining tax rules, which could bring "more intense" consideration of a deductions cap as officials seek ways to increase revenues.

Rubio, in his meeting with journalists last week, didn't get into deduction caps.

And while it is not as progressive as some liberals might like, the design of the plan could be tweaked by, for example, basing the cap rate on income level to make it more so.While deduction caps may still have a place in the final deal, more and more Republicans are coming around to the idea of rate increases on the wealthy.

But that isn't quite right, because of course the Romney agenda included an expensive across-the-board rate cut as well, which in turn became the basis for the Obama White House's sly and effective insistence that Romney would have to ultimately raise taxes on the middle class, via deduction caps and the like, to make his math add up.

Others in the nonprofit sector say they see the tax deduction caps as simply confusing.

(Currently, the amount of mortgage debt eligible for the interest rate deduction is capped at $1 million).