Well, "revenue neutral" means changing the tax structure so that the revenue stream for the government remains unchanged. If Romney will not raise taxes on the wealthy, the only other option is to raise them on the non-wealthy.
Sounded to me, last night, like he is trying to claim that he isn't "raising taxes" on the non-wealthy, instead, he's eliminating loopholes.
Same effect on your take-home pay, if you are non-wealthy.
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