As previously mentioned, Mitt Romney promises to lower tax rates but has not specified how he would make up for the loss of revenue to the federal government. He has has suggested that he would be able to do this by closing loopholes and and eliminating deductions (but has not specified which ones).

Here is a suggestion. How about eliminating the lower rate paid on dividend and capital gains (as opposed to wages)?

To quote President Ronald Reagan:

We’re going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary, and that’s crazy. It’s time we stopped it.