WARNING! WARNING! WARNING! WARNING! WARNING!
ActiveRain members are posting articles claiming that the "FIRST TIME HOME BUYER CREDIT HAS BEEN EXTENDED".
IS THIS FACT?
OR IS THIS IRRESPONSIBLE RUMOR?????
SHOW ME THE LEGISLATION!
SHOW ME THE LAW!
SHOW ME THE RECONCILIATION!
SHOW ME THE FACTS!
Show me more than rumor. As I understand it, the extension has been proposed and passed by the Senate. THAT DOESN'T MAKE IT LAW.
There are two branches of Congress. One branch can pass and then it goes to the other branch. These are co-equal branches of Congress.
Any extension would, I would think, then have to be signed by the President of the United States.
"Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years, said Regan Lachapelle, a spokeswoman for Senate Majority Leader Harry Reid, D-Nev."
"Senators agreed" "Senators agreed" "Senators agreed"
Doesn't make it law.
Be careful out there folks. Your posts are going on Google and, if you are wrong. . . . . . ?