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Here is how the potential deal stacks up. they will be taxed at 39.6%. up from 35%. tax on capital gain and individuals for $400,000 for individuals would increase to 20%. from 15%. the alternative minimum tax is permanently indexed to inflation. it has been annual patch. that would be permanent. the plan extent the child tax red earned income tax credit. up to $2,500 tax credit for collision tuition. unemployment benefit are extented for one year. same for the medicare doc fix and the social security payroll tax cut. reverse to rate of 6.2%. those are the deals as they

Penalty. if your employer doesn't provide you with healthcare, they are going to be hit with a penalty. also, the amt tax patch, if they don't fix that, then -- alternative minimum, and that will not us. about people in the middle class who never thought they are going to get hit, they are going to find out they are well think. those are a couple things that are going to hit a number of people in this country. >> charles, let me go through it real quick and let you respond to each and every one of them, if i can. the first one will be, of course, the doc fix that kerry was just talking about. ...

Penalty. if your employer doesn't provide you with healthcare, they are going to be hit with a penalty. also, the amt tax patch, if they don't fix that, then -- alternative minimum, and that will not us. about people in the middle class who never thought they are going to get hit, they are going to find out they are well think. those are a couple things that are going to hit a number of people in this country. >> charles, let me go through it real quick and let you respond to each and every one of them, if i can. the first one will be, of course, the doc fix that kerry was just talking about. ...

B, this is what the million dollar thing is, after he concluded he could not get enough gop support for the proposal he made to obama over this past weekend. according to a senior administrative official. at least that's the way the press is reading this thing. boehner is doing this weird side show thing of his with a million dollar cutoff because he couldn't deliver on a trillion and a trillion over ten years which looked a reasonable proposal that might have gotten somewhere. >> well, absolutely. and he's further antagonizing more and more of the electorate, chris. and there are some things ...

It lasted 45 minutes, and aides are saying we will not get a readout, but there certainly has been a flurry of activity on the fiscal cliff front. aides to speaker boehner say in a friday phone call to the president the speaker offered to extend the bush tax cuts for those making up to a million dollars so, therefore, those above a million dollars would pay slightly higher taxes in exchange for spending cuts and entitlement reform. let's take a look at the framework of a possible fiscal cliff deal. it includes $1 trillion in cuts, $1 trillion in new revenue. that would include an immediate dow...