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A cap on itemized deductions for married couples making more than 300,000. A one year extension on unemployment insurance. An increase in the estate tax from 35 to 40 and a 5 million exemption. And the alternative minimum tax would be permanently adjusted for inflation. There are still some big items that the bill doesnt address. There is no mention of the debt ceiling. The government 16. 4 trillion Borrowing Limit which was reached yesterday and the bill kicks the can for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. Joining me now is Congression...

That does it for us. Ali velshi takes over our coverage next. Xx breaking news, im ali velshi in for erin burnett. The house has passed the deal, largely on party lines. In the end house lawmakers agreed to vote on the bill exactly as written. Now, here is some of what is in that proposal. Tax rates stay the same for couples making less than 450,000. A cap on itemized deductions for married couples making more than 3d 300,000, a oneyear extension on unemployment insurance, anne crease in estate tax from 35 to 40 , and the alternative minimum tax would be permanently adjusted for inflation. The...

New line a cap on itemized deductions for married couples making more than 300,000. A one year extension on unemployment insurance. And increase in the estate tax from 35 to 40 and a 5 million exemption. And the alternative minimum tax would be permanently adjusted for inflation. There are still some big items that the bill doesnt address. There is no mention of the debt ceiling. The government 16. 4 trillion Borrowing Limit which was reached yesterday in the bill kicks a camp for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. Joining me now is Con...

Editor’s note: This story first ran in the premiere issue of Rhode Island Monthly in May 1988. Ask anybody. Channel 10 is established, confident,