real-estate-tax-credit

Senators John Cornyn (R) and Charles Schumer (D) appeared on ABC’s ‘This Week’ with George Stephanopoulos and commented on the housing market in regards to extending the homebuyer tax credit.: (“This Week” Transcript)

From Sen. John Cornyn, R-Texas

Sen. John Cornyn , R-Texas: [Senator] Johnny Isakson of Georgia has been championing the — the tax credit for home purchases. Now it’s getting ready to expire, and it’s limited to $8,000 for first-time purchasers. His argument is, and I think he’s right, is that the housing inventories, or excess housing inventories are what are dampening the recovery. And I think he’s right.

And from Senator Schumer:

Sen. Charles E. Schumer , D-N.Y. : … I’d be for extending the housing tax credit, which has helped get the housing market out of the severe depression it was in.

And finally from the host:

George Stephanopoulos: So we have agreement: extend unemployment benefits, extend health care benefits for people who are unemployed, and extend the housing tax credit.

File Under: Time for a third party

Call Now