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The Tax Policy Center, a nonpartisan group that has weighed in on other Romney proposals, said his deductions cap could raise up to $1.7 trillion over 10 years.
The center said earlier this year Romney's 20-percent tax rate cut would cost $4.8 trillion.
Romney has shifted the dollar amount taxpayers might be able to deduct.
"I'll pick a number - $25,000 of deductions and credits, and you can decide which ones to use," he said.
Romney earlier this month floated a cap on deductions set at $17,000.
His campaign later said that proposal is one of a range of options.
Romney has also said $50,000 could serve as the cap.
A cap of $17,000 would raise $1.7 trillion over 10 years while the $50,000 cap would raise only $760 billion.
If Romney eliminated all itemized deductions, his plan could raise $2 trillion over 10 years.
http://www.reuters.com/article/2012/10/17/usa-campaign-tax-revenue-idUSL1E8LHM9V20121017
The center said earlier this year Romney's 20-percent tax rate cut would cost $4.8 trillion.
Romney has shifted the dollar amount taxpayers might be able to deduct.
"I'll pick a number - $25,000 of deductions and credits, and you can decide which ones to use," he said.
Romney earlier this month floated a cap on deductions set at $17,000.
His campaign later said that proposal is one of a range of options.
Romney has also said $50,000 could serve as the cap.
A cap of $17,000 would raise $1.7 trillion over 10 years while the $50,000 cap would raise only $760 billion.
If Romney eliminated all itemized deductions, his plan could raise $2 trillion over 10 years.
http://www.reuters.com/article/2012/10/17/usa-campaign-tax-revenue-idUSL1E8LHM9V20121017