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Tax portion of ‘fiscal cliff’ deal done — senior GOP source

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Senate Republicans and the White House have reached a deal on the tax portion of the “fiscal cliff” showdown, according to a senior Republican source, but spending remains an outstanding issue. The basic parameters on the deal are as follows: – Bush era tax rates would be made permanent on all income below $400,000 for individuals and $450,000 for families. – The capital gains tax rate would...

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