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tax credit and fiscal cliff?

Does anyone know what is the status of the $7500 tax credit if no change in the fiscal cliff happens? Does it get cut too? I've heard Obama wants the credit raised to $10,000, any truth to that? Is the tax credit capped to income, if so what level does it start to decrease?

There is an existing thread that discussed this very issue:

Tax credit is not involved in the automatic changes of the cliff, but could be part of the fix.

And currently it is NOT capped for any income level.

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