Though it still has to be ratified by full Senate and House votes, the senate has put forward a proposal to not only extend the $8,000 tax credit of summer/fall 2009, but to also make it available to existing home owners (with restrictions) and raises the maximum income levels. Read a more detailed description at http://rismedia.com/2009-10-29/breaking-news-senate-plans-to-extend-and-expand-tax-credit/ .
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