Thursday the Senate passed a package of tax breaks and other steps designed to help business and homeowners deal with the housing crisis. However even the supporters of the bill recognize that is geared more to help businesses such as home builders and doesn’t help the borrowers. It is planned that when it reaches the House of Representatives that it will be redrawn. The White House it has also been said doesn’t approve of the bill. Senate Majority Leader Harry Reid said this of the bill, “This is just the beginning of the process. This bill will go to the House. With the House and the White House we can come up with a piece of legislation fairly quickly”.
http://www.msnbc.msn.com/id/24050189/
1 comment:
I'm glad to see the senate is being proactive on the slumping housing industry. We saw them pass the economic relief bill but no one has paid any attention to the housing market. The housing industry plays a very important part in our economy with all the different fields that feed off of the housing industry.
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