Wednesday, October 28, 2009

Tax credit extended and expanded

The tax credit has been expanded for first time home buyers and expanded to include buyers that have not purchased a home in 5 years. It is an $8000 tax credit for first time home buyers and $6500 for buyers that have not purchased a home in 5 years.

I still think they should have allowed the credit for purchase with half of it going to energy improvements using a holdback. That would have benefited our national agenda of becoming more independent on fossil fuels and would have stimulated more sectors.

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