Mitt Romney says he wants to lower everyone’s tax rate by 20 percent, and one way of doing that is to restrict deductions of more than $17,000. Experts say Mitt Romney 's deduction cap would mostly impact the wealthy.
The French government has just unveiled a budget for next year that includes major tax hikes for the rich and for businesses. France is the second largest economy in the euro zone and so far it has managed to remain a leader in the debt crisis, rather than a victim -- for the most part anyway.
Mitt Romney is standing by his words from a private fundraiser that were caught on videotape. In the video, Romney says 47 percent of the country pay no income tax and are therefore predisposed to vote for President Obama.