First time homebuyer tax credit

I’ve received zero calls from Washington regarding my tax credit ideas and since I leave the Capital today I’ll offer another idea in the hope that I’m greeted at the airport with an invitation to address a joint session of Congress – or at least an upgrade to first class.

Once the first time homebuyer tax credit is restored (and today’s report that home sales plunged 27% in July – the largest on record – suggests it might be worth an encore) some additional incentives should be directed toward the housing sector. So step two should be a tax credit for all expenses incurred in a mortgage refinancing. Rates are insanely low and consumer who have a good credit history and equity ratio can take cash out when refinancing for renovations…….and Harden Furniture.

It’s a great way for consumers to finance purchases with pre tax dollars AND at record low interest rates.

We’ll see how many members of Congress follow my blog – they sit in Harden chairs when they meet in their respective caucus rooms!