rssSenators Push Bill to Extend $8,000 Homebuyer Credit Six Months
Thursday, September 17, 2009 at 4:49 pm
- 5 Comments
Senate Majority Leader Harry Reid (D-Nev.) on Thursday put his weight behind the congressional push to extend by six months the $8,000 tax credit to first-time homebuyers. The current credit, passed as part of the $787 billion economic stimulus bill, expires Dec. 1.
Sens. John Ensign (R-Nev.) and Ben Cardin (D-Md.) have also signed on to the proposal.
“This bipartisan plan is a proven model that incentivizes potential buyers while targeting the serious problem of excess inventory in the housing sector,” Reid said in a statement.
It’s no coincidence that both of Nevada’s senators are supporting the measure. The state had foreclosure filings on nearly 18,000 residences in August — or one in every 62 — the highest rate in the country, according to RealtyTrac, an online foreclosure database.
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Comment posted October 17, 2009 @ 12:09 pm
Who will shoulder the cost of this credit? Certainly not the couples making 150 – 200K a year that can afford to participate!
Another effort to benefit “those that have” in an economy that is increasing the “have nots”… the burden should rest on all that have employment. We make money off the backs of those we have laid off and whose employment was terminated due to bottom line mentality that sent jobs abroad with no real economic plan. We leave in a society that is increasingly dog-eat-dog, and soon we may need to eat our dogs to live…
Where is the philanthropy!!!
F— giving anything to the secure right now… They, as always, are worried about their wallets… so am I…
Fond and pass the extension of unemployment… NOW!!!!!
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