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Senate combines jobless benefits, homebuyer credit [View All]

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cory777 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:29 AM
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Senate combines jobless benefits, homebuyer credit
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Source: AP

WASHINGTON Senate Democrats are working on a new way to jump-start their stalled election-year jobs agenda while saving unemployment benefits for hundreds of thousands of laid-off workers.

The plan is to create one bill that combines the unemployment benefits with an extension of a popular tax credit for people who buy new homes.

Under current law, homebuyers who signed purchase agreements by April 30 must close on their new homes by Wednesday to qualify for credits of up to $8,000. The bill would give those buyers until Sept. 30 to complete the purchases and qualify for the credit.

Democrats hope to pick up Republican support for the bill by combining the two provisions. They have been trying for weeks to pass an extension of unemployment benefits as part of a larger tax and spending package, but the larger bill died in the Senate last week.


Read more: http://www.google.com/hostednews/ap/article/ALeqM5hLKyB...



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