Bryan - Same problem with my Craftsman 12 hp 38 inch deck. If you take cover off & peek behind gas tank & work steering, you can see pinion gear on steering shaft pull away from other gear when you turn it to the right, causing slippage. When turned to the left, pinion is moved towards/into other gear and they remain engaged, so problem is right turn only. Wear has caused assembly to have some slack/wobble so that gears are not kept tightly together. I replaced washers which tightened assembly up - still not perfect but am able to turn right now....
John Fortier
August 2007