September 17, 2009

US may extend real estate tax credit

Time For a Compromise?

Here is my proposal:

Extend the $7,500 credit through 2010 for couples making up to $250,000.

Deal?




Senator John Isakson, a Georgia Republican, said yesterday he is “talking
to everybody and anybody’’ in an effort to drum up support for a bill that would
extend the program through the end of 2010, almost double the credit to $15,000,
and remove restrictions that prohibit individuals who already own homes or earn
$75,000 ($150,000 for couples) from receiving the tax break. The bill, first
introduced in June, failed in a 47-to-50 Senate vote last month.

No comments:

Post a Comment