This one puzzles me does it mean both or just charity, “Except on mortgages interest and charitable deductions, but implement a $10K standard deduction”
Most of us don’t have $10K to donate to charities. Even with tithing, St. Jude’s, and Veterans donations, we do well to do $1500 per year. House will be paid off in 5 yrs. With the medical deduction rising under Obama we can’t even claim that. We are Seniors on fixed incomes. Medicare and Tricare Life take care of most medical except dental, vision, and some test and equipment. Even with Co-pays and travel we don’t meet the current rate. Barely made the old. We now file short form.
There is lies the rub. Any of these plans will likely raise your income taxes. It’s likely over half the people in the country, the bottom half of the earners, will see their taxes go up under any of these plans. How popular do you think that will be?