cnbc.com - 10/28/2009
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Posted By: Diana Olick Sources are telling me that there may be a compromise among Senators Dodd and Lieberman and Senate Finance folks, like Baucus and his staff. Here's how it would work, and again, this is just a source telling me this, not necessarily what will happen: Read ...
washingtonpost.com - 10/27/2009
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washingtonpost.com —
Congress and the administration seem likely to extend
the first-time-home-buyer tax credit. Senate Majority Leader Harry M....
Reid wants to extend it through December 2010 but phase out the amount over time; Republican Senator Johnny Isakson, a former ...
(more)
The home-buyer tax credit: Throwing good money after bad
calculatedriskblog.com - 10/27/2009
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calculatedriskblog.com —
From Bloomberg: Senate Close to Deal Replacing Homebuyer
Tax Credit The details: Income eligibility for first-time home...
buyers stays at $75,000 for individuals and $150,000 for couples. For move-up buyers, income eligibility is $125,000 for ...
(more)
Home Buyer Tax Credit to be Extended and Expanded
calculatedriskblog.com - 10/28/2009
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calculatedriskblog.com —
Yesterday I heard a compromise had been reached
on extending and expanding eligibility for the home buyer...
tax credit, and that the housing tax credit would be attached to the extension of unemployment benefits, and that the Senate would vote today - ...
(more)
Another Home Buyer Tax Credit Update
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Another Home Buyer Tax Credit Update
Calculated Risk —
... Senate Vote On Home-Buyer Tax Credit Unlikely Today. Buzzo says there is "no chance" the Senate will vote today on the home buyer's tax credit. There was hope last night that a vote on one of several versions might be voted on Wednesday but a battle over legislation extending unemployment benefits is taking priority and right now there's "no agreement" on that issue ...CNBC's Diana Olick provides the same details that I heard on the tax credit: A Compromise on Home Buyer Tax Credit? and adds: [T]here may have been a bit of a ...
Not So Fast
Bear Mountain Bull —
... on the tax credit: A Compromise on Home Buyer Tax Credit? and adds: [T]here may have been a bit of a revolt among Democrats who didn’t want the controversial measure attached to the Unemployment Insurance bill. And from Andy Sullivan and Corbett Daly at ...
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buyer tax credit and jobless aid
latimes.com 30 days ago — Home-buyer tax credits A house in Philadelphia that's under contract to be bought. One economist estimated that the $8,000 tax credit for first-time home buyers led to 400,000 new home sales this year that would not otherwise have taken place. ( Matt ...
Home Buyer Tax Credit Revision
calculatedriskblog.com 10/29/2009 — From Bloomberg: Senate Said to Revise Plan to Extend, Expand Homebuyer Credit (ht Anthony) The article states the plan might still change . The details: Income eligibility for home buyers increases to $125,000 for individuals and $225,000 for ...
Home Buyer Tax Credit DOA?
calculatedriskblog.com 10/22/2009 — From Reuters: White House skeptical on renewing home buyers credit [Housing and Urban Development Secretary Shaun] Donovan told the Senate Banking Committee that while he was aware the program was popular with lawmakers, "At the same time, I am ...
Buyer Credit Is Focus of Inquiry
online.wsj.com 10/20/2009 — JOHN D. MCKINNON WASHINGTON -- The Internal Revenue Service is examining more than 100,000 suspicious claims for the first-time home-buyer tax break, another sign of potential trouble for the soon-to-expire program. The measure, adopted in February as ...
The first-time home buyer tax credit is idiotic
self-evident.org 10/27/2009 — Suppose one day the government decided to give $1 to every person who buys a screwdriver. What would happen?
The immediate effect would be to increase the price of all screwdrivers by $1 . Why? If the going rate for screwdrivers is (say) $5, then ...
Congress Votes for Housing Tax Credit
calculatedriskblog.com 11/4/2009 — From the NY Times: Congress Agrees to Keep Homebuyers’ Tax Credit The Senate and House are poised to agree on a compromise measure to extend unemployment benefits that also would expand a [un]popular $8,000 tax credit for homebuyers ... The bill also ...
The Federal and California New Home Buyer Tax Credits
calculatedriskblog.com 2/22/2009 — Michelle Singletary at the WaPo does an excellent job of explaining how the new Federal home buyer tax credit works: You Can Benefit, but Don't Get Caught by Details There are now two breaks in the tax code for first-time homeowners. Which credit you ...
A Tax Credit for New Hiring?
gregmankiw.blogspot.com 10/7/2009 — The New York Times reports that the some of our leaders in DC are considering a tax credit for companies that create new jobs. This is one of those ideas that comes up regularly when the economy is in recession. The devil is in the details, however, ...
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