Will the $15,000 homebuyer tax credit be scaled back in the final versions of the recently-approved economic stimulus package?
Reports say so, as can be seen in the eighth paragraph of this Yahoo! story. According to the article:
"Baucus had said earlier that $35.5 billion to provide a $15,000 homebuyer tax credit, approved in the Senate last week, would be cut back. There was also pressure to reduce a Senate-passed tax break for new car buyers, according to Democratic officials."
"Baucus" refers to Senate Finance Committee Chairman Senator Max Baucus, Democrat from Montana. So far, Baucus is the only member of the committee to reportedly make such a statement publicly.
I promised to deliver the most up to date news on this topic, and will continue to do so as updates come. Contact Sean Cutright with questions and comments at scutright@deltagroup.com.
To read previous and future updates on the homebuyer tax credit, visit Sean Cutright's blog at www.dripmarketingblog.com.
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3 comments:
According to the Bismark Tribune the $15k tax credit was wiped out.
http://hosted.ap.org/dynamic/stories/C/CONGRESS_STIMULUS?SITE=NDBIS&SECTION=HOME&TEMPLATE=DEFAULT
Thanks for the post. That's the first I've seen this. I'm going to do some digging.
What's interesting is the Yahoo story I posted and the Bismark Tribune story you posted are the same AP stories, though the verbiage there is different. I wonder if there was an update made.
You're right. Yahoo has the updated AP story with the same verbiage.
Thanks again.
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