Homebuyer Tax Credit: Worst Policy Ever
Chuck Ponzi October 29th, 2009
News is coming out that the pork stimulus of the Homebuyer Tax Credit will not only be extended, but expanded to existing homeowners. Wha? If our problem is an oversupply of houses, why is flipping a house supposed to be rewarded? On top of the owner tax deduction, you may get a credit for buying a new one!
It appears that 2009 is the year of the pig; swine flu, and government pork!
