News Headline Summary

Emerging 'fiscal cliff' deal would raise tax rates for individuals with income above USD 400K a year and households above USD 450K a year according to a source familiar with the talks

Source says:
- Fiscal deal would include permanent alternative minimum tax fix, extend unemployment insurance benefits for one year.
- Fiscal deal postpones sequester, would include some USD 600bln in revenue.
- Fiscal deal would include permanent extension of middle class tax cuts.

31 Dec 2012 - 17:38 - Economic Commentary - Source: Newswires

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