Analysis: Romney would lean on Congress for tax code overhaul

WASHINGTON (Reuters) – If Mitt Romney is elected president on November 6, he likely would look to fellow Republicans in Congress to fill in the blanks of a framework to slash rates and pare deductions as part of an overhaul of the U.S. tax code. Accused by Democrats and some academics of not spelling out how he would fund his proposed 20 percent across-the-board tax cut, Romney this week offered a hint of a solution: imposing a $17,000 to $50,000 deduction cap on tax breaks for Americans. …