Volatility is Here to Stay for the Next 6 Weeks
{"Image DocumentName": "Volatility is Here to Stay for the Next 6 Weeks", "Image ImageDescription": "The negotiations remain very fluid at this time, though the opening positions of each side have been widely reported. The White House and Democratic Congressional Leaders want an increase in marginal income tax rates for the wealthiest Americans to increase. Some Democrats have used the  250,000 marker, but others have in the past used  1 million and above. The majority of the time, both the White House and Congressional Democrats use the phrase wealthiest Americans which is an attempt to prevent them from being boxed in, should the final deal not include higher marginal tax rates on households making over  250,000. The starting point for Republican Leadership, or at least for Speaker Boehner, is that increases in tax revenue are on the table, which would come from some type of limitation on deductions and exemptions in both business and personal taxation. These limitations can take several forms: a hard cap on the ability of the wealthiest individuals to use these tax breaks (they are available up to a hard dollar cap, such as  50,000), or the use of means testing to determine eligibility for deductions and exemptions (such as only households making under  250,000 are eligible), or a combination of the two which uses means testing and a hard cap in tandem to ensure maximum revenue recovery and that the deductions and exemptions remain progressive.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}