May 18, 2013

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Romney Hints At Tax Plan

FILE - In this Sept. 9, 2012 file photo, Republican presidential candidate Mitt Romney arrives at his campaign headquarters in Boston, to prepare for the presidential debates. If Republican Mitt Romney doesn't perform well at the presidential debate on Wednesday, it's not for lack of trying. On one out of every four days this September, the Republican presidential nominee held preparation sessions for the first of his three debates with Democratic President Barack Obama. (AP Photo/Charles Dharapak)

Republican presidential candidate Mitt Romney has dropped some hints about his tax plan in a Denver TV interview ahead of tonight's debate with President Barack Obama.

Romney tells KDVR-TV he might be willing to reduce income tax deductions used by millions of families for home mortgage interest and health care costs.

Romney suggested the changes could be part of a plan that also includes a 20 percent cut in tax rates across the board, continuation of upper income tax cuts that Obama wants to end and a comprehensive tax overhaul plan. Romney says his overall plans would invigorate the slowly recovering U.S. economy.

Both Romney and Obama spent yesterday mostly in private, preparing for the debate.


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