2011 Tax Cuts

The Obama administration and senate are close to a deal on the Tax extensions, which will cost Americans approx $900 billion over 2 years and financed by debt.  Included in the deal on the table are the following:

• Extension of tax rates for all for 2 years.
• Extension of unemployment insurance for 14 months (A source says this does not include the current 99ers that already expired).
• 2% reduction of the 6.2% social security tax on all wage earners for 1 year.
• $1,000 child tax credit extended for two years and an expansion of the earned income tax credit
• Estate Tax compromise, which includes an exemption under $5 million and 35% tax over that for 2 years.
• Extend the college tuition tax credit for some families
• 100% write-off of outdated equipment 
• AMT adjustment for 21 million families (doesn't say who falls into that bracket)
• Top rate of 15 percent on capital gains and dividends would remain in place for two years 

I didn't see anything on whether the mortgage interest write-off was still on the chopping block, so I have to assume it is.

Source: Huffingtonpost, NYTimes and CalculatedRisk