“Mitt Romney: “I’ll pick a number -- $25,000 of deductions and credits, and you can decide which ones to use.”
Tax analysts haven’t passed final judgment on Republican nominee Mitt Romney’s tax plan, which he says will cut everyone’s tax rates by 20 percent, lower taxes on the middle class and hold wealthier citizens’ tax payments constant without increasing the deficit.
The only way to accomplish this fiscal jujitsu is by limiting tax expenditures, which the Tax Policy Center has said would sharply increase taxes on the...