Amid a sharp downturn in housing, the Senate is set to debate a flurry of amendments and provisions on a bill to provide relief--foreclosure relief in theory, home builder relief for certain.
Stocks of major home builders were up on news that the bill's first draft contained a provision allowing home builders to apply their current losses to tax returns dating back to 2004, when the industry was booming. With past profits are marked down, the builders will be eligible for refunds.
The Senate takes on the housing crisis. Guess who's cheering.
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Monday, April 7, 2008
The Home Builder Relief Act Of 2008
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1 comment:
Well said.
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