Recent tax reform discussions have involved proposals that would broaden the income tax base and reduce the tax rate. Other discussions have focused primarily on modifying the tax law so that only the most affluent Americans would pay more taxes, either as a result of broadening the tax base or raising tax rates. Broadening the tax base can involve subjecting more types of income to taxation and /or eliminating or reducing tax deductions. Locate at least two tax reform proposals that have been debated or are currently being debated where itemized deduction provisions would be modified. In a memo to your professor, evaluate each of the proposals in terms of costs and benefits and compare them to current law.