A good friend of mine Gerry Suarez just passed this along to me and I wanted to share it with AR members.
It appears as though the house passed a bill to extend the deadline of benefits to Active Service personnel and their families.
The bill passed 416 to 0.
Gerry believes and I agree this shows the sentiment of the House and hopefully the Senate to extend the tax credit for everybody.
Either way it's going to be a very interesting next few weeks.
Below is an excerpt from Charles B Rangel, chairman of the Ways and Means Committee
"This bill makes sure that the brave men and women who put their lives on the line every day get to enjoy the same benefits as every other American who benefits from their service,"said Chairman Charles B. Rangel (D-NY). "By extending the first-time homebuyer tax credit for service members overseas, we give these families more time to utilize the benefit, while also helping our economy continue its recovery. I thank my colleagues for supporting this important legislation and look forward to working with the Senate to deliver this bill to President Obama for his signature."
What are your thoughts about extending and or increasing the credit?
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I think we will get a 6 month extension of the tax credit in it's current form. I have to believe they have enough common sense to know that if they take it away just as the market is beginning to recover and during the historically slow season the market will take a giant step backwards.