IIRC, he was talking about capping it at either $17k or $25k (or something in that range). That's not going to affect most Americans at all, and certainly not the "Poor".
Really, Pareto? A 25k cap on itemized deductions won't impact people making 25k. WOW! SCIENCE!
It would affect many homeowners, as racking up $10k+ in interest deductions is fairly common, even for people who live places where $100k can buy an actual structure with doors that isn't on fire. That and the pre-tax value of healthcare (both sides of the employer/employee premium) would fill up $25k fairly quickly for an "average" middle class, $100k a year family of 4.
At any rate, let me emphasize again, that we're arguing over what color the armor for the new unicorn army should be.
To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a whore. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. @#%^ off and let me post. It's not true, it's all in good fun. Now go away.