What's the Line on Extending the $8,000 Tax Credit?
The Post's Dina ElBoghdady has this to share from her reporter's notebook.:
Odds are improving that Congress will extend the first-time-home-buyer tax credit beyond the Nov. 30 deadline as it pushes to revive the housing market, said Jaret Seiberg, a policy analyst at Washington Research Group, a unit of Concept Capital. There’s a 60 percent chance that lawmakers will keep the tax credit intact, especially since policymakers from both parties have voiced their support, including Senate Majority Leader Harry M. Reid, who represents foreclosure-plagued Nevada, Seiberg said. But fiscally conservative lawmakers may rally against it in part because it could cost at least $10 billion to extend the tax credit through Sept. 30, 2010, Seiberg said.
Do you think the credit should be extended? Should it be increased -- or broadened to cover all buyers, as real estate and building industry lobbyists propose?
September 15, 2009; 6:00 AM ET
Categories: Buying , Selling , The economy , The market
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