Wednesday, February 4, 2009

Tax Breaks for Homeowners Added to Senate Version of the Stimulus Bill

From Yahoo News:

The Senate voted Wednesday night to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry, a victory for Republicans eager to leave their mark on a mammoth economic stimulus bill at the heart of President Barack Obama's recovery plan.

The tax break was adopted without dissent, and came on a day in which Obama pushed back pointedly against Republican critics of the legislation even as he reached across party lines to consider scaling back spending.

Republicans have been prioritizing tax breaks and appear to be gaining concessions.