Tax Credit Extension

By
Real Estate Broker/Owner

An extension of the $8,000 U.S. homebuyer tax credit is gaining support in the Senate as bill sponsor John Isakson said he is rallying lawmakers to continue a program that helped boost home sales by more than 1 million. "I'm working the floor now to make everyone aware that the $8,000 credit sunsets" Isakson, a Georgia Republican. His legislation would extend the program through the end of 2010, almost double the credit to $15,000 and remove restrictions that prohibit individuals who already own homes or earn $75,000 - $150,000 for couples - from getting the tax break. The bill, first introduced in June 2009, failed in a 47-50 Senate vote in August.  

Menomonie Home For sale

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Wisconsin Dunn County Menomonie
Groups:
Active Rain Newbies
Realty Executives
Agents who want REFERRALS!
Posts to Localism
Wisconsin Active Rainers
Tags:
tax
real
estate
county
extension
menomonie
dunn

Spam prevention
Show All Comments
Ambassador
2,974,041
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

This is not a good idea.  On the news that they are investivating over 100,000 issues of fraud already I'm against more of my tax money going into other people's pockets.

Oct 22, 2009 08:20 AM #1
Rainer
478,183
Not a real person
San Diego, CA

I hope it is ultimately successful. The tax credit, along with the Federal Stimuls Bill, the ongoing invasions of two foreign countries, and President Obama's aggressive economic policies have been a boon to us here in heavily militarized San Diego.

Oct 25, 2009 08:55 PM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
113,368

Jason Simonson

Realty Executives - Menomonie WI
Ask me a question
*
*
*
*