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Filibuster Harry

(666 posts)
3. I like some of the ideas. But there won't be a cap on personal federal deductions because it
Fri Jan 25, 2013, 02:17 PM
Jan 2013

could hurt housing and charitable contributions. That's why i laughed at Romney's proposal because he really wasn't going to cap his Sch A deductions at $ 25,000 or pick a number because he gave away up to $ 4
million; I found out later his proposal was going to limit your Sch A deductions to $ 25,000 but also allow ALL charitable donations. They will not remove the upper limit because it will not only affect employees but the employer matching it. Now i can see increasing it from $ 113,700 (2013) to say $ 120,000 (2014) to $ 130,000 etc. (bigger increases). But you are correct in that the senate should come up with something bigger and different.

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