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IPFS News Link • Economy - Economics USA

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

• 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

1 Comments in Response to

Comment by Richard Stone (13631)
Entered on:

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!