Extension of First-Time Home Buyer Tax Credit Bailout of Rich

(Opinion) Extension of First-Time Home Buyer Tax Credit Bailout of Rich

By Heritage Foundation

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  • Rice klowN
    While I'm hesitant to agree with a group that normally distorts facts

    I find myself agreeing with them on slot of this. I fully support the first time buyer tax credit, but the income cap is waaaaaay too high and it should be restrained to first time buyers.

    However, there is an argument to get rid of the "first time" limitation, but I think it would have to require that the buyer is buying a primary residence and otherwise lost their previous home in some way, like foreclosure.

    I have not read the bill or researched past what I've read in this article so their may be some important detail Heritage has left out... Which, honestly, is usually the case with Heritage. But for now, I'm shocked and in agreement.

    - Rice klowNUS November 6, 2009 10:23AM

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