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Senate OKs $15,000 tax break for homebuyers on new bailout bill

News Link  •  Economy - Economics USA

Senate OKs $15,000 tax break for homebuyers on new bailout bill


2-4-2009  •  AP 
The Senate voted to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry, a victory for Republicans eager to leave their mark on a mammoth economic stimulus bill at the heart of President Obama's recovery 
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Reported by Powell Gammill
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Comments in Response

Comment by: RickStone (#13631)
   Entered on: 2009-02-05 08:31:22

 Oh great ! another housing bubble in process. Can anyone see the train at the end of the tunnel ? More people buying houses that can't afford them. Didn't that get us into this problem in the first place? Wake up ! Wake up ! Wake up!
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Tags: senate, homebuyers, revitalizing, housing, industry, victory, republicans, mammoth, economic, stimulus, president, obamas, recovery
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