Thursday, February 12, 2009
$15K Tax Credit for Buying a Home is CUT!!!
Yes, folks. Apparently the government really wasn't too concerned about getting the housing market moving again. According to David Espo, AP Correspondent, negotiators last night effectively wiped out the Senate-passed provision for a $15,000 tax credit to anyone purchasing a home this year. There aren't too many details released yet, but it looks like Congress is falling back to the first time homebuyers' credit and raising it $500 from the original $7500 to $8000, but possibly making this into a real "credit" instead of a 0-percent interest loan. This is good news for first time homebuyers but everyone else is out of luck.
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Figures.. They left in the billions of pork for STDs, building ATV racing tracks and saving field mice etc. Kill any tax relief. Show them pesky republicans what you are made of Dems! *rolls eyes*
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