Emerging fiscal cliff deal would include permanent alternative minimum tax patch.
Emerging "cliff" deal would raise tax on income above $400k/yr individual and $450k/yr per household
Emerging deal would include permanent extension of middle class tax cuts
Emerging deal would extend unemployment benefits for a year
Emerging deal would raise estate tax from 35 pct to 40 pct
Emerging deal would extend child tax credit for five years
Emerging deal would extend college tax credit for five years
Emerging deal would extend earned income tax credit for five years
Payroll Tax Holiday is not scheduled to be voted on which is a 2% Social Security tax hike for every American Worker.
$1 trillion in Obamacare tax hikes will hit January 1st, no matter the outcome of the fiscal cliff deal
As more details are released as this bill has not yet come up for a vote in the Senate,I will update the fate for the other tax deductions that are about to expire.