Home Buyer Tax Credit Update

Posted by pcbasentry on July 6, 2009

From HousingCrisis.com…

We’ve posted a couple of times on Senator (R-Ga.) Johnny Isakson’s latest proposal to bump up a home buyer tax credit from $8,000 to $15,000, change it to include all home buyers, remove income caps, and extend the timeline on it through at least the middle part of next year.

It’s far from being a sure bet, and isn’t expected to get real traction publicly until closer to the November sunset of the current Federal first-time buyer $8,000 tax credit. Any hope for the measure at all lies in convincing opponents in the House of Representatives that a big buyer incentive is not simply a home builder bailout. Clearly, two votes this past Winter showed that’s exactly how many Congressmen and women view the Isakson measure.

Read the full story at HousingCrisis.com


One Response to “Home Buyer Tax Credit Update”

  1. techrazies said

    home buyer tax credit update is responseable think

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