Tax rates above 400k go up and “loopholes and credits” cut above 250k. IOW, exactly what the kenyan wanted to start: those above 250k paying higher taxes.
Boehner is toast for sure if he signs off on this.
Deal details. I see the phase out of itemized deductions to be an issue.
@philipaklein: Here are the details on the tax deal that senior GOP source says is “done” http://bit.ly/UzEWxT