Page 13 - Doc Fix News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And forth about this and frankly we don't know the final deal but the estate tax will have a $10 million exemption per couple. $5 million for an individual with additional inheritance taxed at 40 o percent. business tax credits for research experiment existences. the tax extenders they call through the end of 2013. stimulus tax credit. largely used by lower and middle class workersion tended as part of the stimulus package. included the child tax credit and earned income tax credit and college tuition tax credit and the doc fix. this is -- it stops a 27% rehe ducks in payments to medicare prov...

Taxed at 20% for individuals making at least $400,000, couples or families $450,000. also an estate tax. there was some back and forth late in the day whether there was going to change but the framework had the estate tax at $10 million exception per couple with additional inheritance at 40%. tax credits for stimulus. business tax credits and a doc fix stopping 27% reduction in payments to medicare providers using spending cuts as offsets. in addition to that, ed, you are saying the sequester which is the across-the-board cuts would be essentially put off for a couple of months. >> delayed. >>...

The rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals, and $10 million for a married couple. unemployment benefits would be extended a year as would the medicare doc fix it would permanently fix the alternative minimum tax. a big concern for republicans is there are no new spending cuts. >> history has a way of repeating itself. somehow washington never gets the message. here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. >> last friday speaker boehner told his senate colleagues to ...

And i think as to the president's performance today, i think it is important not to gloat, but it is also important to remember that everyone thought this was going to be a kabuki dance up to the finish and it ended up being more of a judo flip. the president essentially got everything he wanted on tax policy, not just on rates but the credits for energy and education, the amt fix, the doc fix, and the republicans got very little if anything they wanted on the spending. a lot of democrats are miffed the president didn't take off the debt ceiling renegotiation in six weeks but i think the repub...

Expire. but that's only part of it. there's also a series of spending cuts that will also be triggered by the fiscal cliff. $1.2 trillion in sequestration will kick in beginning january 2nd. next year alone, $109 billion will be slashed. half from the defense budget and half from nondefense spending. the so-called doc fix would also go away, reducing medicare payments to doctors by 27%. and finally, unemployment benefits will run out for more than 2 million americans who have lost their jobs. benefits will only be available for up to 26 weeks, a drastic reduction from the 73 weeks available to...