Pelosi: Congress weighing whether to extend, expand $8k home buyer tax credit

Filed under: Housing, Recession

Perhaps the Democrats and Republicans can agree on one tactic capable of stimulating the U.S. economy: the $8,000 income tax credit for first-time home buyers.

House Speaker Nancy Pelosi, D-California, Thursday hinted that Congress is not only evaluating whether to extend the $8,000 tax credit for first-time home buyers past its November 30 deadline, but also is weighing whether to expand the program.

"There's under consideration whether we extend the first-time homeowners' credit," Pelosi told reporters today in Washington Thursday, Bloomberg News reported. "And the question is, would that be just first-time homeowners or would you open it up to other purchasers of homes?"

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Pelosi: Congress weighing whether to extend, expand $8k home buyer tax credit originally appeared on BloggingStocks on Thu, 08 Oct 2009 17:00:00 EST. Please see our terms for use of feeds.

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