Just to be clear… an $8000 tax credit is a good idea!!
I got to thinking. I want to make sure you know that I think the $8000 tax credit for first time home buyers is not really a bad idea. I think that the Federal government borrowing the money to give to new home buyers is a bad idea but if it puts some money back into the hands of a tax payer then I think it is a great idea.
One way to help our housing market is to give a tax credit to ANYONE that buys a house. New, re-sale, foreclosure. It does not matter what type of house they buy as long as it will be their primary residence for a while. That will do more to correct this problem than almost anything else the Feds can do.
If they really want to help then they ought to check out the Fair Tax too. That will bring lots of businesses home and knock out the unemployment problem too and if you have not really done the research to know why that is true the you need to check out www.FairTax.org and learn more.
Have a great Memorial Day weekend and please take some time to pray for our soldiers that are protecting us at home and abroad. They are the heros we need to say THANK YOU!! to.
Thanks for listening,
Jerry W. Robertson