He could also reduce deductions for mortgage interest and health care premiums for wealthy families.
The usual dialogue that happens on tax reform is, people love the idea of reducing deductions and lowering rates in theory.
The Senate bill would reduce itemized deductions by 5 percent of all adjusted gross income above $100,000.
Can tax rate cuts be paid for by reducing deductions and exemptions?
The new rules would also reduce various deductions that have the potential of cutting awards by hundreds of thousands of dollars.
The amended tax law reduced deductions for donating property that has appreciated.
The proposal is aimed at reducing deductions - and increasing tax payments - of people whose adjusted gross income exceeds $100,000.
The Senate would reduce deductions by 4 percent of income above $125,000.
A. Well, the new law reduces allowable itemized deductions when adjusted gross income exceeds $100,000.
Member States must therefore devote some effort to reducing the taxes and deductions that weigh down on employment.