2009 Economic Stimulus package amendment would add house purchase tax credit

From the Washington Post on Thursday, February 5, 2009:

Seeking to jump-start the housing market, the Senate added new tax relief for homebuyers to its $900 billion economic stimulus bill yesterday as the legislation moved toward a final vote.

The amendment, offered by  Sen. Johnny Isakson (R-Ga.), represents a significant victory for Republicans. GOP lawmakers have complained that the package includes few of their priorities for easing the economic crisis, including more help for the housing sector, which has been devastated by foreclosures and the frozen credit market.

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One comment

  1. The only fair tax-credit would be one that applies to EVERYONE, not just ‘first time’ buyers.

    Why should I, through higher taxes, help someone else buy a new house when I live in a double-wide which the government would view as my first house thus I don’t qualify?

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