Wednesday, October 3, 2012

Republican presidential candidate Mitt Romney has dropped some hints about his tax plan in a Denver TV interview ahead of tonight's debate with President Barack Obama.

Romney says he might be willing to reduce income tax deductions used by millions of families for home mortgage interest and health care costs.

Romney suggested the changes could be part of a plan that also includes a 20 percent cut in tax rates across the board, continuation of upper income tax cuts that Obama wants to end and a comprehensive tax overhaul plan. Romney says his overall plans would invigorate the slowly recovering U.S. economy.

Both Romney and Obama spent yesterday mostly in private, preparing for the debate.