Ready for the big Debate: Romney says he might cut Tax Deductions as a way to Trim US Deficit

Ready for the big Debate: Romney says he might cut Tax Deductions as a way to Trim US Deficit

The AP (10/3) reports, "Offering deficit-cutting ideas before his first debate with President Barack Obama, Mitt Romney says he might be willing to reduce income tax deductions used by millions of families for home mortgage interest and health care costs." Romney "suggested the changes could be part of a plan that includes a 20 percent cut in tax rates across the board, continuation of upper income tax cuts that Obama wants to end and a comprehensive tax overhaul plan that the Republican presidential contender has so far declined to flesh out in detail." He said this would help the economy to recover.