It's official, our idiot overlords in Washington took out the one possible way of stimulating the REAL housing market, you know the one where people with real jobs buy houses they can afford with down payments of real money. Here's to the next two years of forclosure dominating housing...
Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said. The agreement would allow taxpayers to deduct the sales tax paid on new car purchases, but not the interest on loans for the same vehicles.