I'm having to jump through hoops inorder to get this credit.
first, you dont get $8,000 outright.
other things come into play, like income,house value, have to live on property and for no less then 3 yrs.

The bill started out as a $15,000 tax credit and a large tax credit for buying a new car. when all is said and done, its "up to" $8,000 for home credit and next to nothing for buying a new none hybrid auto.

with a $15,000 tax credit I could have bought the foreclosed rehab that I wanted.
had they wet my whistle, I can't see why I wouldn't be new car shopping.

our gov't has no problem to blindly bailout any institution.
but when it comes to its people, it become all entangled in bureaucratic nonesense. the only ones that can solve the housing/auto issues get only half of what was promised and have hoops to jump through.

does anyone know WHY they cut the credit?

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"Years ago, my mother used to say to me, In this world, Elwood, you must be oh, so smart or oh, so pleasant.' Well, for years I was smart. I recommend pleasant. And you can quote me." Elwood P Dowd.

with a $15,000 tax credit I could have bought the foreclosed rehab that I wanted.

Are you a Vet? If so, you can get into a property with no money down. FHA guaranteed loans only require 3.5% down. If you have a good agent, he/she will know how to get the seller to pay your closing costs.

Vi

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Liberals are people that will believe anything twice.

They cut it because they're just trying to get people to spend money. They didn't really mean anyone would get a credit, they can't afford to give a credit because they must shell out plenty of cash for bailed out CEO's to get their bonus checks.


You argued for them to get those checks, they deserved them, now you see what you get in return....... the shaft. I bet they don't even thank you for your loyalty to them either.

wow.i wish everyone would stop talking about the measly 150 million dollar bonus checks.
it is a huge distraction from AIG shuffling 100 billion dollars out the back door to foriegn banks.
that 150 million wouldnt support what we have given AIG for one hour of one day.
and all this hoopla over a 150?
i swear people are not smart enough to count in the USA

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everything i print write or show on here is a complete and utter lie..i cant help myself i am a terminal liar..all of this shit is just fiction and made up for entertainment purposes ONLY..

It's not just them ya jackass, now all the other bailedout companies want to shell out bonus checks too. You act like one company pulls a stunt and it ends there. One company pulls a stunt and the rest play monkey see, monkey do.

Let's also keep in mind that some of these companies are now on their second bailout in 6 months, which means in the next 6 months, they're going to want 2 more bailouts. It'll keep happening until we the people shut that shit down.

200 billion is alot more than 150 million.
dodd KNEW of the bonus contracts.the US government would be acting illegaly if it passed a law EX POST FACTO , or after the fact,.it is unconstitutional and the US congress is about to violate their OATH YET ONCE AGAIN to deffend the constitution.
the US government has no right to pass a ex post facto law.or break contracts made,.these things are against the very foundations of the countrys constitution.it is a violation of their oath to pass a tax on the bonus's or to breech a contract.wether you like it or not

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everything i print write or show on here is a complete and utter lie..i cant help myself i am a terminal liar..all of this shit is just fiction and made up for entertainment purposes ONLY..

Contracts are broken and ammended every day of the year. Welcome to life. It can be changed.

Some of the execs that have a conscience (or that might be afraid people killing them in their beds) gave their bonus checks back, but out of the 54% of bonus money that was paid to people OUTSIDE of America, I don't think any has been returned.

That's right, they took money out of American pockets to send it to people who don't even live here so that money isnt' even going back in to our economy.

Any exec who would sue over breach of contract over a retention bonus should be pink slipped. It's easy really. Play nice or hit the bricks. It happens everyday here in America. They can be fired and a reason can always be drummed up. It happens to the american worker all the time.

I guess you can't see beyond the fact that they have a job still at all is a bonus within itself. Had they not been bailouted out, they'd be on the unemployment line and unemployment doesn't hand out bonus checks. It all comes back around to that greed thing I keep saying. They're so addicted to money that they will go to ANY length to gain it. I'm glad their bonus checks are being taxed at 90% serves them right for being fat greedy fuckers.

Unless you're a state which signed the accursed Contract called the Constitution... then there is no amending it or changing it, or cancelling it. You're screwed.

Contract from Hell...

Surrender now, all your bases are belong to them.

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Libertas inaestimabilis res est - Liberty is a thing beyond all price. | Sic Semper Tyrannis

sadly no, no military. after high school my thought was to see how far football could take me. if nothing came about fb, my back up plan was to enter as an officer. three knee surgeries,a bum shoulder and neck issues kinds derailed those plans...

I did look into the FHA 203k(rehab loan) but they added points to the loan.

I bought a place 2 yrs ago, that alone take me out of any tax credits. so what we did(my common law wife) was just to put the new house in her name. good thing we didn't get married last summer, with both incomes added I doubt we would have gotten any tax credits(other then the ones already in place)

I was just wondering about congress, whos idea was it to give $15k and whos brite ideal it was to cut that in half...and take out the auto credits.

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"Years ago, my mother used to say to me, In this world, Elwood, you must be oh, so smart or oh, so pleasant.' Well, for years I was smart. I recommend pleasant. And you can quote me." Elwood P Dowd.

ms moffit like all liberal socialists finds the constitution to be a antique junk piece of paper to be ignored.

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everything i print write or show on here is a complete and utter lie..i cant help myself i am a terminal liar..all of this shit is just fiction and made up for entertainment purposes ONLY..