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Stimulus Bill Passes, but the $15,000 Home Buyer Tax Credit is Wiped Out

Reblogger Barb Van Stensel
Real Estate Agent

Well, corporate America will be getting their money but America's middle man, the one who has been identified as the core of America - just lost a tax break when buying a home. 

Read on from a post from Mirela Monta .....

Original content by Mirela Monte

 

Minutes ago an agreement was announced on a $790 Billion stimulus plan.  Unfortunately, the $15,000 Home Buyer Tax Credit was effectively wiped out in order to accommodate the new, lower overall limit of the bill. 

 

Large corporations will get the money, but the average Joe will not get a tax break when buying a home. 

 

Done! 

 

I'm sorry!

 

Thank you for your efforts in trying to help sway your legislators to keep this on the final bill!   It did not make it, but it wasn't for lack of trying.

 

What do you think about this outcome?

 

Mirela Monte                             click here to see the Associated Press Release

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Comments(1)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for the post. I am disappointed but I guess the first job is to save homeowners from Foreclosures.

Feb 18, 2009 09:02 PM