If Romney’s plan is revenue neutral, that is, he lowers taxes as much as the increased revenue by removing the property and income tax deductions, then this will help lower tax red staters and increase costs for high tax states. It would also simplify the tax code.
Ridiculous. It’s more meddling in a stupid code. It also plays the left wing game of pitting class against class.
If a tax deduction for home mortgage interest is a good idea then it’s a good idea. Deciding who qualifies based on income proves the idea is stupid. It violates equality.
The President does neither or any other "solution". He can propose whatever he wishes but he cannot do anything to change or enforce such changes without the Congress. Just as Obama about his "budget" which failed to even get a single "yes" vote in his Dem Senate. The Presidential race outcome will affect down ballot choices. We must elect a Republican majority in the Senate and keep the House for any positive changes to happen. That is our goal!