Tightening Items News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Treasury and the congressional budget office indicates, that the tightening items the president would put in would allow without a loss of revenue. it's 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. i'm a little more skeptical of that side of it. but the idea here is to be revenue neutral. there's also a provision to lower the tax rate for manufacturing companies, to treat them differently, and effectively tax them at 25% instead of 28, on the theory that this will c...

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 that's 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 of revenue. it's essentially a revenue-neutral plan, and if you believe the republicans and the pr...