3
   

Does "capping deductions" mean " limiting tax breaks"?

 
 
Reply Tue 4 Dec, 2012 09:31 am

Context:
White House rejects GOP plan: Tax rates for top 2 percent must go up 7:25 pm ET -
It did not take long for the White House to dismiss the Republican deficit-cutting proposal, which raised revenues by capping deductions. Now both sides have laid down their markers.

More:
http://www.csmonitor.com/USA/Politics/2012/1203/White-House-rejects-GOP-plan-Tax-rates-for-top-2-percent-must-go-up-video
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Type: Question • Score: 3 • Views: 1,646 • Replies: 3
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View best answer, chosen by oristarA
roger
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Reply Tue 4 Dec, 2012 11:58 am
@oristarA,
Yes.

By the way, if you benefit from tax deductions, you call them tax deductions or tax breaks. If you are not in position to benefit, you call them tax loopholes. Loophole sounds ever so much more sleezy that deduction.
oristarA
 
  1  
Reply Tue 4 Dec, 2012 09:57 pm
@roger,
roger wrote:

Yes.

By the way, if you benefit from tax deductions, you call them tax deductions or tax breaks. If you are not in position to benefit, you call them tax loopholes. Loophole sounds ever so much more sleezy that deduction.


Interesting.

I think you meant "than deduction."
roger
 
  1  
Reply Tue 4 Dec, 2012 10:04 pm
@oristarA,
Now that I think about it, yes, that's what I meant.
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