Homeowner Deduction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

E.j., your thoughts? >> i still don't think voters are going to sort of support something like this, not knowing what is in it. i've been wondering why we haven't heard more of romney was for his 5 trillion cut before he was against it. because you look at this plan and it is 5 trillion that the cuts add up to. and you've got to offset them somehow. and the only way to offset them is to go after the popular dededuction. homeowner deduction. or healthcare deductions. that's where the money is. >> sure. >> so it is astonishing to me, i mean, that's where a lot of us wish, the president saying, h...

As you showed with this excellent opening tonight, we came out of disaster because of those policies. tell me how you're going to be different than w. say the word "w.," you don't even want to say that word. admit where you came from. and then force him to get out there on the cliff and say, i'm going to get rid of the homeowner deduction, get rid of the charitable deduction, because that's the only way you have revenue neutrality in these tax cuts he's talking about. his only plan for economic improvement in this country is to cut the taxes mainly of the rich. that's his only plan. the only d...

Lack of specificity about what he's going to do on taxes and spending. >> his big numbers is i'm going to cut taxes and stimulate the economy. but hes i'll pay for it by getting rid of huge deductions, homeowner deduction, charitable contribution, state and local tax, that's where all the money is. if he doesn't tell us that tonight, will the press attack him for not giving us the map? >> one of the things we've seen is voters are skeptical. he says, i'll cut tax rates by 20% across the board. it's revenue neutral. we can't tell you how it's revenue neutral, because as paul ryan said, it will ...

Housing and underinvesting in equipment, software. one of the reasons is homeowner deduction. if we get rid of that, we'll build more plants and buy more equipment. over the long run, that's better for economic growth. >> christine? >> that's something a it would be very hard to get rid of. that's a big deduction. you got to big loebz, the home builders, and the building owners who will go kirking and streaming. but if you're getting rid of all the loopholes and you have an efficient and fair tax system, then you can start talking about that. >> there may be a way to grandfather it, but i like...