Democrats Like a Romney Idea on Income Tax [LOL! Of course they do. Democrats are tripping over themselves to serve their Wall Street overlords, along with the GOP, as always. Only to the corporate-run media and Democrats do elections *not have consequences.* Win or lose, they burn the working class.] 13 Nov 2012 Democrats are latching on to an idea floated by Mitt Romney to raise taxes on the rich through a hard cap on income tax deductions. The proposal by Mr. Romney, the Republican presidential nominee, was envisioned to help pay for an across-the-board income tax cut, a move ridiculed by President Obama as window dressing to a "sketchy deal." But many Democrats now see it as an important element of a potential deficit reduction agreement — and one they can claim to be bipartisan.