GA Senator Isakson - his housing legislation tampers with the free market
Posted by Jeff Aughey on Wednesday, February 4th, 2009 at 9:09pm.
It appears Georgia Senator Johnny Isakson does not believe in free markets and limited government. I read few news articles about the housing proposal that he is trying to push into the latest stimulus bill at a cost of $20 billion dollars. To quote a recent article: "Specifically, Isakson’s Fix Housing First Homebuyer Tax Credit legislation would also enhance the existing homebuyer tax credit by:
- Extending the eligibility period for the credit to December 31, 2009;
- Increasing the credit amount to 10 percent of the home price capped at 3.5 percent of FHA loan limits (geographically dependent) – ranging between approximately $10,000 and $22,000;
- “Monetizing” the credit so it is available at time of closing; and
- Allowing the credit to be used in conjunction with mortgages financed by state or local bonds."
2 Responses to "GA Senator Isakson - his housing legislation tampers with the free market"
Jeff Aughey wrote: Hi James. Thanks for stopping by and taking time to comment. I am with you on the elimination of pork in the spending bill that is currently working its way through congress. It is great to know that there are good folks like you out there that also think our government is over reaching. All the best and hope to see you here again. Jeff
Posted on Thursday, February 5th, 2009 at 11:28pm.
Posted on Thursday, February 5th, 2009 at 10:49pm.