Politics Catches Up to Homebuyer Tax Credit in Senate

If you’re one of the supposed 5,400-plus buyers in Arizona hoping to see the closing deadline to receive the homebuyer tax credit extended until September 30, this may not be the best news.

Senate leaders have determined the extension isn’t about you; rather, the extension reportedly is being used as a bargaining chip to try and rally support for a bill extending unemployment benefits – a measure that itself has failed to move forward as part of larger legislation.

What do unemployment benefits and the $8,000 homebuyer tax credit have in common? Nothing whatsoever but that’s not really the point. Sure, Senate leaders could be holding the folks who need the extension hostage in an effort to get this other legislation passed but hey – it’s not about you, homebuyers. It’s about political necessity.

Stay tuned.

About Jonathan

Jonathan Dalton is a 30-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.