Sen. Roy Blunt, R-Mo., said Mitt Romney would eliminate corporate tax deductions as president by simplifying the tax code, but did not detail which ones.
Large corporations are “able to take more advantage of that broad, complicated tax code,” Blunt said on CNN’s State of the Union on Sunday, which allows them to pay less in taxes than smaller corporations.
“[Romney]’s saying, ‘Let’s eliminate that,’” Blunt said.
He said that by targeting corporate deductions, Romney could lower the tax rate without lowering revenue. Blunt did not, however, detail which deductions might be targeted.
Romney has been criticized by Democrats and others for not offering specifics on his tax plan, including which loopholes he would eliminate.
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