Categorized | News, Politics, US

8000 Tax Credit Extension: 8000 Tax Credit Extension Great for Tax Payers

The $8,000 tax credit extension is great news. The $8,000 tax credit extension is an extension of the first-time homebuyer’s tax credit.  Originally, the $8,000 tax credit was set to expire November 30.

 The $8,000 refundable tax credit is an easy way for homebuyers to score additional $8,000 cash money when they file their 2009 income taxes.  Those who purchased homes before they filed their 2008 income tax return were able to receive their tax credit with their 2008 tax return.

 Previously, a $7,500 tax credit was available. This tax credit was really an interest-free loan in disguise. After the $8,000 tax credit expires, the first time homebuyer’s credit will revert back to a loan.

 According to Bloomberg, the Senate is working on an $8,000 tax credit extension. Their hopes are to extend the tax credit until April 30, and expand it to include higher earning taxpayers than before.

 Do you think the $8,000 tax credit extension is a good idea? The $8,000 tax credit extension will give families an incentive to purchase a new home. However, that money has to come from somewhere.  Increasing taxes over the next few years are inevitable, as we must pay for all of the stimulus money we have so generously doled out.

 If you are in the market for a home, the $8,000 tax credit extension is great news.  This tax credit extension will give you an extra bit of money to help replenish your savings after you plop down your down payment.

    2 Responses to “8000 Tax Credit Extension: 8000 Tax Credit Extension Great for Tax Payers”

    1. Brittancus says:

      At last our politicians comprehend that not only does E-Verify–WORK–to oust illegal immigrants from the all businesses, but 54 members of the Congress support the 287 G program that was nearly buried under political baseness. So this insures two very active immigration enforcement programs are firmly entrenched to remove illegal aliens, without mass deportation. As on hiring, a new worker they must concede a verification of there national status. E-VERIFY MUST BECOME A PERMANENT PROGRAM TO VET THE ELIGIBILITY EVERY US WORKER. They say that ignorance is bliss, but this issue has been elongated by years of unceasing pressure by the hierarchy of business concerns, so that lawmakers have turned a blind eye to the annual illegal alien rush across our seemingly undermanned border. Even the main border fence was arbitrated, by being under-funded so illegal workers could slip past vehicle barriers, open areas that was substituted for the two separate- spaced-fences? Simply speaking it’s all an underhand close relationship with corporate organizations and radical open border extremists, who don’t want any prohibitions on the millions of beggared workers and families slipping into America. Once–even Sen. Harry Reid was adverse to illegal immigration, but once he entered the bastions of Washington where corruption is rampant from associating with business groups and foundation lobbyists.To survive you must adhere to their ideology or become ostracized by other Democratic or Conservative members in these chambers of iniquity. USE YOUR VOTING POWER TO DEMAND E-VERIFY AS A COMPREHENSIVE AUTHENTICATION DATA BASE. It could be used when issuing drivers licenses,

      transportation insurance, house buyers tax credits, real estate applications for legal residents, health care and other issues subject to fraud?

      In this final version of the House health care package, is a summary clause to verify that only citizens and legal residents can participate? It could establish a apparatus by which the Commissioner must authenticate that individuals are citizens or legal immigrants in order to receive afford ability credits for health care. Of course emergency health care treatment access will still be there for those individuals without legal documentation? But Madam Nancy Pelosi still wants to reward illegal immigrants, making them eligible, without a verification mechanism in place; illegal aliens could receive credits under the plan. Every American should show their support for these amendments, without–ANY–avenue to illegal immigrants by commanding their Representative in Washington at 202-224-3121. After any House-Senate bill goes to the floor and voted on; they still have to clear the obstacles in most closed-door conferences. This is where the wheeling and corrupt dealing goes on, with what the membership calls “Sweeteners.” This is where political favors are exchanged, promising such sweeteners such as pork for their constituencies, campaign contributions, from corporate execs, or undisclosed gifts of money or family vacations.

      These are where immigration laws are passed or indifferently discarded to the disadvantage of THE PEOPLE. Its sad travesty, but it’s the raw facts of legislative playtime in committee. Then there is the H-1B working visa game? H-1B has been full of fraud and hypocrisy since its inception. With corporate attorneys giving devious advice of how to cheat the foreign labor importation system by the labor Department.125,000 brand new work permits to foreign nationals was issued last month. Watch a U-Tube http://www.youtube.com/watch?v=TCbFEgFajGU video of an attorney with the law firm of Cohen & Grigsby discussing how a company can turn at H-1B worker into a permanent Green Card holder. His comments demonstrate the disposition behind the entire process: “Their goal is clearly not to find a highly skilled H-1B immigrant, because cheap labor is plentiful in poor foreign nations willing to come to America. It’s just another working visa program for supposedly PhD and top of the business ladder absolutely copious with sleaze TODAY IS THE DAY TO LEARN MORE ABOUT CORRUPTION AND COMPROMISE BY OUR POLITICIANS AT NUMBERSUSA, JUDICIAL WATCH & CAPSWEB. SAY NO TO ANY NEW PATH TO CITIZENSHIP. ADD HONEST AMENDMENTS TO THE 1986 SIMPSON/MAZZOLI BILL, NOT ANOTHER COMPREHENSIVE IMMIGRATION BILL, UNLIKE THE PREVIOUS ONE THAT WAS OVERFLOWING WITH FRAUD.

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