Georgia Senator Johnny Isakson is still worried about the current Real Estate crisis. He doesn't think that the stimulus package is enough and wants to raise the $8000 tax break to $15000. He went on to say that, "the sale of thousands of empty, undeveloped lots in subdivisions around Atlanta and throughout the nation is critical to stabilize the housing market."
The Republican Senator from Georgia is sponsoring a bill to benefit ALL HOME BUYERS. Isakson's bill would eliminate the current income limit of $75,000 for an individual and 150,000 for a couple. His bill would increase income limits to $150,000 and $300,000 respectively. Senator Isakson's amendment would extend the tax break until June 30th 2010. Saxby Chamblis, Republican Senator also from Georgia is a co sponsor of the amendment.
Senator Isakson stated, "he is also worried about housing near Military Installations". He mentioned, the expected growth of Columbus Ga and Fort Benning and also the Fort Knox area. Thousands of soldiers will be moving from one location to another and the continued stimulus will make home sales easier for them.
Not everyone agrees with the Georgia Senators, but they have my support. Their efforts to protect our soldiers is commendable. I think it is the smart thing to do!
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