“Graham said. If you did away with all deductions and exemptions except charitable giving and the mortgage interest, that’s $1.2 trillion that’s spent every year.
I don’t like this guy, either, but this makes sense to me.
“...except charitable giving and the mortgage interest...”
How many of you are able to take advantage of anything other than this?
Maybe health care deductions, but that’s all that I can think of...
The problem with Graham’s (and other RINOs’) proposal is that it does not address the basic problem — OVERSPENDING (and size of government).
No, most can’t take health care deductions because of the 7.5 percent threshold of Line 33. And most can’t file long forms after they have paid off initial home mortgages.