Foundation for Economic Education » Tax Credit Added to Senate Bill to Boost Home Buying

Tax Credit Added to Senate Bill to Boost Home Buying

Posted By Sheldon Richman

“The Senate on Wednesday voted to expand the economic stimulus package with a tax credit for homebuyers of up to $15,000, a provision championed by Republicans as addressing a root cause of the recession.” (New York Times ^[1], Thursday)

Never mind that the economic turmoil resulted from policies to boost home buying.

FEE Timely Classic

“Can the Feds Save the Housing Market?” ^[2] by Robert P. Murphy

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/tax-credit-added-to-senate-bill-to-boost-home-buying/

URLs in this post:

[1] New York Times: http://www.nytimes.com/2009/02/05/us/politics/05stimulus.html?hp

[2] “Can the Feds Save the Housing Market?”: http://www.thefreemanonline.org/featured/can-the-feds-save-the-housing-market/

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