Yes, we know all the details about Romney Tax Plan.
I love how they realized no one believe they could cut taxes, spend more on the military, and cut the deficit so he has decided to go with 'cut taxes but eliminate deductions' such that it is revenue neutral.
But if it is revenue neutral . . . how does it have any stimulus effect at all? If you cut my taxes but take away my deduction then NOTHING HAS CHANGED! How is doing nothing supposed to change anything?
At best you can say that this will change things so certainly people who were not taking deductions will pay less in tax but those that took a lot of deductions will pay more. But how does that have any real net effect? There is no reasoning presented as to how that is supposed to do anything. It is just Mitt Magic!
The counter argument there is, I believe, that simplifying the tax code allows corps to spend less on accountants and save on overhead for things like... paper and ink. So that they can then redirect those costs to expansion efforts or something.