Reply #6: What Obama is proposing is different [View All]

[killbotfactory]

He is proposing keeping the standard deduction and on top of that having a flat deduction for mortgage, so people wouldn't have to itemize to get the deduction. Which would result in less paperwork. No one would have to give up the standard deduction. He is also proposing that people who take the standard deduction should have the option to get pre-filled-out paperwork from the IRS to be approved and sent back, further cutting paperwork.