If you were to bet, where would you put your money? Talk and indeed, there are bills pending before both bodies of Congress that would extend and increase the
First-Time Buyer Tax Credit . Right now, the credit maxes out at$8,000 tax credit and expires Nov. 30.
Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny Isakson that would raise the credit amount to a maximum of $15,000.
Senate Majority Leader Harry M. Reid of Nevada favors an extension of the current credit. He was quoted by the Las Vegas Sun saying, "It's something we can get done."
Odds are that the credit will be extended and broadened to cover all buyers next year, but the chances of the amount increasing aren't as good, observers say.
What's your take on the impact to your business
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