I was watching the news posts on the internet this morning and saw that the new tax credit is being voted on in Congress today. As I looked at the specifics of the bill I found that I'm thrilled with all of the proposed financial help for citizens, but am wondering if there might be too much lumped into it for it to pass.
I saw the extension of the 8K 1st time buyers credit as well as 6.5K for buyers who have owned their currents homes for more than 5 years. In addition, there is an extension for unemployment and a refund of taxes paid for business owners who have had a loss in '08 and '09.
What are your thoughts?
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