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A Senator's Reply to the Tax Credit

By
Real Estate Agent with Keller Williams Realty at the Beach

Mr. Thomas Schoenbeck

Harbeson, DE 19951-2710

Dear Mr. Schoenbeck:

Thank you for your email regarding the first-time homebuyer tax credit. I appreciate hearing from you on this important issue.

The American Recovery and Reinvestment Act that was passed earlier this year included an $8,000 tax credit for first time homebuyers. In order to receive the tax credit, the home that is purchased must be the buyer's principle residence. As you know, first-time homebuyers are able to take advantage of the tax credit for purchases made between January 1, 2009 and December 1, 2009.

Our economy will not fully recover until our housing market is stable and healthy again. That is why I supported adding the homebuyer tax credit to our economic recovery plan earlier this year. I appreciate your suggestion to extend the tax credit. I believe that a well-designed extension of the homebuyer tax credit will continue to help our overall economic recovery and I will certainly keep it in mind as we continue to monitor the economy.

Again, thank you for contacting me. I hope you will continue to keep in touch on matters of importance to you.

Sincerely,

Edward E. Kaufman

United States Senator

COLLEAGUES, How about posting your Senator's replies. Let's see how many of our representatives are listening!