- 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