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Tax Credit Extension Idea

<a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://1.bp.blogspot.com/__b6Y0cLXpyI/Suwp070zihI/AAAAAAAAAoI/i34XL1a2VWQ/s1600-h/cooper+backyard+alternate+view.jpg”><img style=”float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 200px; height: 150px;” src=”http://1.bp.blogspot.com/__b6Y0cLXpyI/Suwp070zihI/AAAAAAAAAoI/i34XL1a2VWQ/s200/cooper+backyard+alternate+view.jpg” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5398736042699491858″ /></a><br />First, I am must state that I am in agreement that the Federal tax credit for purchasing a home should be continued.<br /><br />But, I believe that the approached can be changed to benefit not only the buyers, but the government itself.<br /><br />Currently as proposed, no one is required to pay the credit back.<br /><br />Also, the credit comes back to people after they have bought and the problem most people have is to acquire the funds to buy.<br /><br />My solution is that you give the people the funds directly for closing and that they pay the money back over a 10 year period, WITH interest so that the Treasury receives a “profit.”<br /><br />So, we don’t have to raise taxes, people become more responsible more homes get sold, more jobs get created.<br /><br />Anybody have a problem with that?

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