The $15,000 Tax Credit is in Jeopardy!

By
Managing Real Estate Broker with Broker (The Watz Team) Exit Strategy Realty

As you know, last week we achieved a significant procedural victory when the Senate voted to include the $15,000 home buyer tax credit.

Help the tax credit!TODAY, THE TAX CREDIT IS IN JEOPARDY!! 

Due to the maneuverings in the Senate over the weekend, there are rumors that the Senate may want to scale back the tax credit. You can read about some of the reasons below.

 We have heard from some of our sales offices and similar reports from other homebuilders, the National Association of Home Builders, the Realtors, and others that the public likes the proposed $15,000 tax credit. They are finally saying that it will stimulate them to buy a home.

 We need all of you to call your U.S. Senators TODAY as they will be voting tonight and tomorrow.

 The process is still very simple. Follow the instructions below to make the call. It takes about 2 minutes.

PLEASE CALL TODAY!

$15,000 Home Buyer Tax Credit at Risk

Call your Senators at 1-866-924-NAHB (6242) and tell them to preserve the entire $15,000 credit in the Senate version of the economic stimulus bill

The Senate, as it tries to wrap up consideration of its version of the economic stimulus bill, will take the first of several votes on Monday evening.  A bipartisan compromise was crafted after intense negotiations to ensure that the Senate stimulus plan has enough votes to pass.  At this point, the Senate compromise contains the $15,000 home buyer tax credit adopted last week.  However, there has been talk that the credit could be scaled back before the Senate casts its final vote on Tuesday. 

We cannot let this happen.  As you know, the House-passed stimulus bill only eliminated the repayment requirement on the current $7,500 first time home buyer tax credit.  It is critically important that the entire $15,000 home buyer tax credit be included in the Senate-passed bill so we are in the strongest position as the House and Senate begin conference negotiations to hammer out a final stimulus bill. 

Beginning the morning of Monday, February 9, please call your Senators at 1-866-924-NAHB (6242) and tell them to preserve the entire $15,000 credit in the Senate version of the economic stimulus bill.

1-866-924-NAHB (6242) Hotline Instructions

After listening to a brief message about the tax credit, you will be asked to enter your zip code so that you can be connected to your House and Senate legislators.  The tax credit message should only go to your Senators.  So, after the prompt, please press "2" to skip your Representative and be connected to your first Senator.  After you speak to your first Senator, simply stay on the line to automatically be connected to your second Senator.  

 

 

Vicki Watzlawick, Broker Owner, Exit Platinum Realty, LITH, IL 847-854-3800

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Ambassador
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Ann Allen Hoover
RE/MAX Advantage South - Hoover, AL
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

I have gotten quite a few emails today sharing this information.....

Feb 09, 2009 05:35 AM #1
Rainmaker
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Vicki Watzlawick
Broker (The Watz Team) Exit Strategy Realty - Algonquin, IL
Illinois Foreclosure Expert, The Watz Team

Good to hear Ann!  I hope for the Real Estate agents (that are slow) sake, that they ALL make this phone call! 

Feb 09, 2009 05:45 AM #2
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Vicki Watzlawick

Illinois Foreclosure Expert, The Watz Team
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