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you can't think of one reason?
Why did the house Dems want to argue down the amount of the tax credit for homebuyers from 15,000?
How does this help the "rich" more than "normal" people? More importantly, how does it hurt the middle class and poor?
Seriously? I thought that this one was probably the best part of the bill and they scaled it down!!!
you can't think of one reason?
So you got nothing either?
How could a tax credit that might help reverse the housing market collapse (which is the ROOT of this entire mess) possibly be a bad thing?
if i got a $15k tax credit, and i gave a about cheap homes like texas, i'd buy a dozen just to start.
in other words, the rich would gobble up homes and first time buyers would see nothing different.
thats why there has to be a clause in it....
if you already owned a home, you cant apply for the credit,
if your a minor you dont qualify for the credit,
in other words this should be for first home buyers only whose looking at getting into the market, then again you got rich familys who have adult kids start jumping into the market cause they can afford it.
so let's just flood the market with houses up for sale so the rich cant abuse the system LOL
If you can't buy a house yet, you can't buy a house yet.
While we're at it lets take everyone's (except our awesome government's) jets away so they can't enjoy luxuries. What? It'll put that industry out of jobs? Collateral damage on the war on rich whitey.
thats going to be a huge problem.
the amount of oversight would be enormous and extremely time consuming.
They just need to let housing tank, so the prices can reflect real-world supply and demand. Heck, I'm 27 and I don't plan on buying a house for awhile...
Government loves extremely enormous oversight that is time consuming for the citizens.
when you get older, i think you'll understand the importance of what they're trying to do.
it's been a long time since DC cared about whether you got raped.
So far I haven't read a single valid argument.
Its a 15,000 tax credit. Its not per home you buy.
I havent read anything to make any sense as to why the Dems wanted to negotiate it down.
I think because you guys dont have a freaking clue either.
let us know when it dawns on you.
1.who says it was per home? if its per home...fkn rich familys/person will just exploit the credit available. It should only be per adult for "first home". So if your a newly married couple who dont owned a home individually previously and looking at purchasing a home, you fit the criteria legibility...still 15k applies..its not split per person, or you can buy it individually b4 getting married, so both of you owned house each and each qualifies for the credit, then go get married....loophole in system lmao.
2.someone has to pay for the credit, since they be loosing out on tax receive from registration/stamp duty.
Then again to avoid this exploitation of people who are buying houses but not living in it...increase fukn land taxes on residential investment properties.
All I have to say is thank God for our founding fathers for requiring 60 votes to pass a bill rather 51. They knew (as in this case) the majority is not always right.
Could you imagine the size of the bill, or what our country might look like if all the Dems needed was 51 votes?
Scary.
I wouldn't thank the Founding Fathers for that.
I would. They were able to foresee that political parties would able to take advantage of things like Hurrican Katrina to gain power.
Its been 14 years since the Dems controlled everything, and during their first month they want to increase federal spending by 25% (even though the country's already in serious debt). The deficit to GDP ratio is about to skyrocket, and theyre upset that Republicans aren't just going to go along with whatever they want.
Boy, you think you'd be more pissed at Republicans and you'd give the Democrats a break for the storm they've inherited.
So you're upset that Democrats knocked $30 billion off the stimulus package?
I'm sure the homebuilders are pissed.
Ah..chumpdumper. Surely you can explain why they would want to cut the size of the tax credit.
And yes, cutting parts of a bloated bill that actually make sense is pretty stupid.
Because $8000 is enough, perhaps?
I'm a little more interested in keeping people who bought on the bubble in their homes at this point. Prices and interest rates are low enough that an extra $8000 should be quite a decent incentive for anyone who hasn't owned a home in three years and can actually get a mortgage.
This is an interesting point.
Since the whole point is just to spend money, why dont we buy corporate jets for every CEO in America?
Jobs for everyone!
If only you got paid for all the straw men you guys build....
Thats fine. But where did they come up with this number? What does 8000 protect us from that 15000 doesn't?
Its not a refundable tax credit. At worse, the people who buy a primary residence this year wont have to pay any income taxes. At best, the housing market might recover.
Well why not? The president laughed when Republicans just called it a giant spending bill.
"SERIOUSLY!!! Thats the whole point!"
This is from Obama's mouth, not any strawman.
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