Friday, September 18, 2009

$8,000 Tax Credit COULD be raised to $15,000 with NO income limits!

A proposal by Senator Johnny Isakson Republican from Georgia would raise the credit amount from the current $8,000 set to expire on November 30, 2009 to $15,000 good for 1 year. It would also REMOVE the income caps that are currently in place (75,000 for single tax payer 150,000 couples)

Isakson says "I think we have a realistic chance of doing this" He further commented "Our problem in NOT the first time homebuyer, it's the move up buyer"

I think it's a great idea says Terry S. Smith from http://www.azlenderforeclosure.com/ the government MUST get money into the hands of the consumer or this economy will not turn around. We need to go back to focusing on main street since wall street has already been bailed out.

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