• Emerging deal would raise taxes for those earning more than$ 400K
  • Higher taxes for families earning more than $450K
  • Would include permanent alternative minimum tax fix and extend unemployment insurance for a year
  • Deal postpones sequester, includes $600B in revenue
  • Majority of Senate Republicans expected to support tentative deal
  • Sticking point in deal is sequester delay, which could be 60-90 days
  • Estate tax would be hiked to 40% from 35%
  • Tentative deal contains no new spending cuts
  • Dividends and capital gains to be taxed at 23.8%

Reuters headlines, citing a ‘source familiar with talks’

Stocks and gold going bonkers