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Romney’s ideas not bad now

Romney had an idea that looked bad before the Presidential Elections, but looks quite sexy now to the Democrats. With both parties positioning for difficult negotiations to avert a fiscal crisis as Congress returns for its lame-duck session, Democrats are latching on to an idea floated by Mitt Romney to raise taxes on the rich through a hard cap on income tax deductions, writes The New York Times- online edition. The proposal by Mr. Romney, the Republican presidential nominee, was envisioned to help pay for an across-the-board income tax cut, a move ridiculed by President Obama as window dressing to a “sketchy deal.”

Read the article in NYT

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