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The Boston Globe

Nation

Obama, Romney leave much unsaid on tax plans

Both candidates vow to cut deductions

WASHINGTON — Mitt Romney says he can cut both personal and corporate tax rates, making up for lost revenue by eliminating a raft of deductions. But he won’t reveal which tax deductions he wants to kill, including the fate of the very break that helped make him so wealthy.

President Obama, meanwhile, wants to raise taxes for the wealthiest Americans, extend the Bush-era cuts for families earning less than $250,000, and cut corporate rates. Obama, too, says he will make up for lost revenue by eliminating some deductions — but critics say he has been too vague about what corporate breaks would be jettisoned.

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