Taxes

Worker, Homeownership and Business Assistance Act helps struggling Americans, first-time homebuyers and grows the economy

Washington, D.C. -- November 4, 2009 -- Today, Senator Arlen Specter (D-Pa.) commented on the passage of the Worker, Homeownership and Business Assistance Act. The bill provides 14 weeks of additional Federal-State Unemployment Insurance Program (UI) benefits to all states. In addition, it provides another six weeks of benefits to recipients in states such as Pennsylvania where unemployment exceeds 8.5 percent. The bill passed the Senate unanimously.    » read more »

November 5, 2009 -- WASHINGTON, DC - Senator Joe Lieberman (ID-CT) praised the Senate's passage of legislation to extend unemployment benefits to Connecticut workers for an additional 14 weeks. The bill, cosponsored by Senator Lieberman, also extends the homebuyer tax credit through April 30, 2010 and expands its availability to move-up homebuyers.    » read more »

November 4, 2009 -- [After ending a Republican filibuster on the bill earlier in the day, in a vote of 98 to 0, the U.S. Senate Wednesday night approved legislation to: 1) extend unemployment insurance by up to 14 additional weeks for jobless workers across the nation; 2) continue the $8,000 first-time homebuyer credit through April 30, 2010, but with 60 days to close after that date; 3) provide a $6,500 credit to new purchasers who have lived in their current residences for five or more years; and 4) extend and expand the carry back provision to allow all businesses to carry back losses incurred in 2008 or 2009 for five years.    » read more »

November 4, 2009 -- WASHINGTON – Sens. Tom Carper and Ted Kaufman (both D-Del.) today voted to extend federal unemployment insurance for up to 14 additional weeks for the state’s jobless, noting additional benefits are needed in Delaware where unemployment stands at more than eight percent. Late today, the Senate passed the Workers, Home Owners, Business Assistance Act (H.R. 3548) by a vote of 98 to 0.    » read more »

Casey’s homebuyer tax credit fraud prevention provisions included

November 4, 2009 -- WASHINGTON, DC- U.S. Senator Bob Casey (D-PA) today applauded Senate passage of legislation to extend unemployment insurance for laid-off workers who have exhausted their benefits, to expand and extend the homebuyer tax credit and provide relief to businesses with operating losses. The legislation must now be reconciled with the House before being sent to the president.    » read more »

November 4, 2009 -- WASHINGTON – Sens. Tom Carper and Ted Kaufman (both D-Del.) today voted to extend federal unemployment insurance for up to 14 additional weeks for the state’s jobless, noting additional benefits are needed in Delaware where unemployment stands at more than eight percent.

Late today, the Senate passed the Workers, Home Owners, Business Assistance Act (H.R. 3548) by a vote of 98 to 0.    » read more »

Bill Would Provide Extra Unemployment Assistance for Workers in States like Ohio and Would Expand Homebuyer Tax Credit

November 4, 2009 -- WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH) announced Senate passage this evening of a bill that would provide for an extension of emergency benefits to unemployed workers and expand the homebuyer tax credit. Brown is a cosponsor of the Worker, Homeownership, and Business Assistance Act of 2009, which would extend unemployment insurance by 14 weeks (with an additional six weeks for workers in high unemployment states like Ohio) and expand the first-time homebuyer tax credit to include existing homeowners who have not moved for five years or more.    » read more »

14,000 Jobless Coloradans Expected to Lose Unemployment Benefits by Year's End

November 4, 2009 -- Following a push to ensure that the Senate's extension of unemployment benefits includes Coloradans, Michael Bennet and Mark Udall, U.S. Senators for Colorado, today announced Senate passage of the Worker, Homeownership, and Business Assistance Act of 2009. The legislation, which they cosponsored, would provide relief to jobless workers by extending unemployment insurance for the nearly 14,000 jobless Coloradans who will exhaust their benefits by year's end. It also extends the homebuyer tax credit and provides important tax relief for Colorado families and small businesses.

The legislation is fully offset.    » read more »

Legislation also expands business tax credits, extends unemployment benefits

November 5, 2009 -- In an effort to help recharge Alaska's economy and hundreds of small businesses, U.S. Senator Mark Begich today supported legislation to extend the first-time homebuyer tax credit, and the expansion of a program allowing businesses to relieve their tax burden.

The Worker, Homeownership and Business Assistance Act passed the Senate by a vote of
98 to 0. The Act, co-sponsored by Sen. Begich, continues the $8,000 first-time homebuyer credit through April 30, 2010, allowing purchasers with a valid contract an additional 60 days to close after that date. It also provides a $6,500 credit to new purchasers who have lived in their current residence for five years or more.    » read more »

Worker, Homeownership and Business Assistance Act Passes Senate

November 4, 2009 -- (Washington, D.C.) – Montana’s senior U.S. Senator Max Baucus today applauded the Senate for passing his bill to extend the $8,000 tax credit to more of Montana’s first time homebuyers.

The bill also includes tax help for Montana’s military families who must sell their homes because of a reassignment. Both measures were added to the unemployment extension bill that passed the U.S. Senate tonight.    » read more »

November 4th -- "Today I praised the Senate for its timely action to keep the $8,000 credit from expiring at the end of this month. In September, I led a group of Senators, including Johnny Isakson (R-GA), Harry Reid (D-NV), John Ensign (R-NV), and Debbie Stabenow (D-MI), introducing a bill to extend the first-time homebuyers' tax credit.

Today, the Senate passed the H.R. 3548, the Workers, Home Owners and Business Assistance Act, which included a provision I co-sponsored extending the first-time homebuyers tax credit and providing a new $6,500 tax credit for so-called step-up homebuyers who have been in their current home for the last five years. Both credits are designed to continue to provide a temporary boost to the housing market at a critical time in its recovery.    » read more »

November 5, 2009 -- NEWARK – Delaware’s one-time tax amnesty program is anticipated to net more than $22 million for the state, Delaware Governor Jack Markell announced Thursday.

The two-month long partnership between the Delaware Division of Revenue and the General Revenue Corporation, a subsidiary of Sallie Mae Corporation, is expected to clear more than 14,000 delinquent accounts. When the program was authorized this summer, estimates called for $10 million to be collected.

“During these challenging times, it is certainly good news that Delaware will have additional funds to help government meet its core commitments, like teachers in the classroom, police on the street and care for our most vulnerable citizens,” Markell said.    » read more »

03 November 2009 -- Washington -- Today, Congresswoman Kathy Dahlkemper (PA-3) today voiced her support of an extension of the first-time homebuyer tax credit. The $8,000 tax credit, which was made available as part of The American Recovery and Reinvestment Act, is set to expire on November 30.

“The $8,000 tax credit provides a strong incentive for people who are considering purchasing their first home,” Dahlkemper said. “As we continue to work toward economic recovery, providing these types of incentives will not only stimulate the housing market, but also allow first-time home buyers to live the American dream of owning a home. I hope to see this tax credit extended so we can continue to give a boost to the housing market.”    » read more »

Why is a Mature, 50-year-old Industry Still Asking for Massive Taxpayer Handouts?, Science Groups Asks

October 29, 2009 -- Earlier this week the Nuclear Energy Institute (NEI), the nuclear power industry's principal trade organization, released a proposal asking for billions of dollars in taxpayer subsidies and radical changes to the federal regulatory process that would shift even more risks and costs from the industry to the public.    » read more »

Bill Would Provide Extra Unemployment Assistance for Workers in States Like Ohio and Would Expand Homebuyer Tax Credit

November 2, 2009 -- WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH) announced his support for a bill that would provide for an extension of emergency benefits to unemployed workers and expand the homebuyer tax credit.

Brown is a cosponsor of the Worker, Homeownership, and Business Assistance Act of 2009, which would extend unemployment insurance by 14 weeks (with an additional six weeks for workers in high unemployment states like Ohio) and expand the first-time homebuyer tax credit to include existing homeowners who have not moved for five years or more.    » read more »