Obama to sign homebuyer, jobless bill assistance

[Dulcinea]

Source: Yahoo News

WASHINGTON – President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.

The White House signing ceremony Friday comes a day after the House, displaying rare bipartisan agreement over the seriousness of the jobless situation, voted 403-12 for the measure. The Senate approved it unanimously on Wednesday.

The White House said the bill, which also includes tax cuts for struggling businesses, builds on provisions in the $787 billion stimulus package enacted last February that aim at spurring job creation.


Read more: http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_jobl...

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A reprieve for a lot of people.

[TomCADem]

1. K & R

He certainly is not standing still.

[optimator]

2. "tax cuts for struggling businesses"

LOL
how do you cut taxes that are already at zero?

[TomCADem]

5. "extending unemployment benefits"

[Robb]

3. Oh, great.

"The other tax credit allows businesses that have lost money in 2008 or 2009 to get refunds on taxes paid on profits during the five previous years."

...Because, why?

[maseman]

4. Trying to sell a house

in Ohio going into the WInter. This will help.

[notesdev]

6. extending the homebuyer tax credit

while knowing that the previous run was dominated by fraud... I thought he was supposed to have good judgement? Why is he giving a green light to more fraud?

[Cha]

7. This is Great! Thanks President Obama for

steadily going ahead and doing what it takes with laser focus!

[emulatorloo]

8. Some good news n/t

[davidwparker]

9. Good news. Support for those who need it.