COMPARISON OF OBAMA & ROMNEY TAX PLANS

From Taxprof:  Given all the Democrat rhetoric this was a bit of a surprise. (There is a table to compare numbers).

Among the tax reform plans of the major presidential candidates, Mitt Romney’s proposal to lower rates and eliminate credits and deductions comes far closer than that of President Obama to the widely-praised and bipartisan framework of the Simpson-Bowles tax reform commission.

President Obama’s tax plan, however, is largely at odds with any commonly held notion of tax reform, including Simpson-Bowles.