Tightening Items News Today

Treasury and the congressional budget office indicates, that the tightening items the president would put in would allow without a loss of revenue. its essentially a revenue-neutral plan, and if you believe the republicans and the president on this, it should lead in the future to higher profits and, therefore, more revenue. im a little more skeptical of that side of it. but the idea here is to be revenue neutral. theres also a provision to lower the tax rate for manufacturing companies, to trea...

Result. a simple exercise for the audience, imagine we cut your income tax rate, but then we also eliminated your mortgage deduction. you might end up paying a lot more in taxes. how does this shake out, when you look at the whole obama plan? >> well, the president is being quite consistent in his plan. the reason the figure is 28% is thats what the work done by treasury and the congressional budget office indicates, that the tightening items the president would put in would allow without a loss...