pcba/SENTRY

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

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One Response to “Home Buyer Tax Credit Update”

  1. techrazies said

    home buyer tax credit update is responseable think

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