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Discussion: H.R. 5670, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases (2 comments ↓)
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
- This bill, or a similar bill, was reintroduced in the current Congress as H.R. 214, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
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SubVet
April 3, 2008, 12:58pm (report abuse)This bill needs to be limited to Americans, and is not as currently worded. It should also be a credit for EVERYONE who purchased a home EVER if it is going to be fair. I bought my first home 25 years ago and never got a credit. Why should anyone be selectively benefited by a (supposedly) indirect tax that must be uniform?
Joe Dalton
June 10, 2008, 11:18am (report abuse)This is a great bill that would have a great impact by stimulating the residential construction industry and turning around the housing slump.