Mitt Romney’s big new tax reform idea — to cap the amount individuals can benefit from tax deductions in a given year — still lacks for hard specifics but the basic shape of the idea provides tax economists key clues about its potential incidence. And the biggest loser, if he were to implement the plan as president, according to an expert on charitable giving, would be one of the right’s favorite features of the tax code: the deduction for charitable giving.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=94918