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Yet, tax deductions do, and so, i think the house plan is going to look similar and republicans are going to look similar to what governor romney talked about in his presidential race and let's cap expenditures or deductions to the increased revenue and focus on spending. >> his plan called for like a $50,000 cap. you could take the deductions wherever you wanted whether it was charity or whether it was a business deduction. >> exactly. >> but you had up to $50,000 and above that you weren't going to get the deduction, is that pretty much the way it worked? >> that's exactly how it works, i th...

I think the house plan is going to look similar, republicans are going to look similar to what governor romney talked b let's cap expenditures or deductions to increase revenue and focus on spending. >> mike: his plan called for a 50,000 cap you can take reductions whether it was charity, business deduction, but you had up to $50,000 above that you weren't going to get the deduction is that the way it works? >> exactly. if we stay focused on the revenue side it makes it look as if there's appearance of win for with the white house. we don't need a win for the white house. we don't need a win f...

I think the house plan is going to look similar, republicans are going to look similar to what governor romney talked b let's cap expenditures or deductions to increase revenue and focus on spending. >> mike: his plan called for a 50,000 cap you can take reductions whether it was charity, business deduction, but you had up to $50,000 above that you weren't going to get the deduction is that the way it works? >> exactly. if we stay focused on the revenue side it makes it look as if there's appearance of win for with the white house. we don't need a win for the white house. we don't need a win f...

I think the house plan is going to look similar, republicans are going to look similar to what governor romney talked b let's cap expenditures or deductions to increase revenue and focus on spending. >> mike: his plan called for a 50,000 cap you can take reductions whether it was charity, business deduction, but you had up to $50,000 above that you weren't going to get the deduction is that the way it works? >> exactly. if we stay focused on the revenue side it makes it look as if there's appearance of win for with the white house. we don't need a win for the white house. we don't need a win f...