Senate votes 98-0 to extend unemployment benefits, homebuyer tax credit
The U.S. Senate voted yesterday to extend unemployment benefits for 14 more weeks (20 weeks in states with very high unemployment rates), which would impact more than 1 million Americans scheduled to lose their unemployment benefits in the next few weeks. In that same bill (S.A. 2712), the Senate also approved extending the first-time homebuyer tax credit through April 30, 2010 (as long as they have a ratified contract, they have until June 30th to close) and adding a provision that move-up homebuyers who have been in their homes for five years or more can earn a $6500 tax credit as well. There are a few more provisions, so click the link below to see the write-up from Senator Patty Murray’s office (D-WA), a co-sponsor of the bill.
The House is expected to vote on the bill this afternoon, which hopefully means it will get to the President for signature on Friday.
Dave,
Any word on the House vote? And, is this bill on the President’s desk today?!? Hope so!
Cheers,
Kelly
Comment by Kelly Ceppa — November 6, 2009 @ 11:28 am
House vote was a slam dunk as well. Glad to see the politicians can agree on something.President signed the bill earlier today
Comment by Dave Phillips — November 6, 2009 @ 3:53 pm