THis is SOOOO much more than a homebuyer tax credit.
1) gives 8k to people who buy a house before April 30th if they are a First time buyer.
1B) gives $6500 to people who already own homes (for 5+ years) to buy another.
2) Extends unemployment benifits for upto 20 weeks.
3) Allows companies to claw back taxes they paid upto 5 years ago because of losses they incure in 2008 and 2009 (as long as you arnt a TARP baby).
The funny part is the Democrats are complaining that the Republicans were trying to hold this up because they also wanted to end TARP. They also called it a giant waste of money, which it is. And yet it passes 98-0. Shouldnt we just call them the Demoplubicans now?
How much you wanna bet me there is another increase/extension in March? I am now waiting to just see what the governement will give me. I am thinking of holding out until I get an interest free 30 year loan. That would get me off the fence.
