That would slash deductions, credits, taxexclusions, and preferential rates by nearly 30 percent.
FORBES: House GOP Would Need $5.7 Trillion In Tax Hikes to Offset Ryan Rate Cuts
2.
He also reduces the benefit of two other hot-button breaks the taxexclusions for municipal bond interest and the value of employer-sponsored health insurance.
FORBES: Obama's Cap On Tax Deductions: Not What It Seems
3.
Part of the gain on a home sale might not be eligible for certain income-tax exclusions if the taxpayer with a Schedule C business has taken depreciation deductions for a home office.