As it would also bring costs closer to current Medisave and Medishield limits of deduction (approximately S$2,600 per 3-week cycle) it would likely increase revenues for the pharmaceutical company as more patients would be able to afford the drug.
Even proponents of a limit on deductions have suggested some modifications.
Many of the budget proposals, including the limit on deductions, have been made before by the Obama administration.
"If you reduced the limit of the deduction, it would hit higher-end housing, but the impact on lower-income households isn't that great".
The math for the limit on deductions is different.
If not well planned, however, the limits on deduction built in the Medisave system can lead to rationing and not rationalization of medical care.
The Romney campaign asserts that his plan will not add to the deficit, because of the above-mentioned limits on deductions and exemptions.
Robert F. Sharpe Jr., a fund-raising expert in Memphis, said many of the wealthiest donors are already limited to deductions of 28percentt for their charitable gifts because they are subject to the alternative minimum tax.
Wealthy donors and the nonprofit groups they support were in an uproar over the Obama administration's proposal to limit the value of deductions for charitable gifts, which was included in the budget the president presented to Congress.
The I.R.A. gifts, which must be arranged with the institution handling the I.R.A. and executed this year, are particularly beneficial to people in two groups, Ms. Christian said — those who did not itemize deductions and those for whom a gift from regular accounts would exceed the single-year deduction limit of 50 percent of adjusted gross income.
There's no annual $3,000 limit on this deduction, as there is on the deduction of net capital losses.
