paulseglund

The government says it'll be a few weeks before it has the data to decide whether to extend the $8,000 first-time homebuyer tax credit. The IRS' internal watchdog is about to warn the agency for the fourth time about fraud related to the credit - up to $489M possibly granted to unqualified applicants. And Rex Nutting says to kill this ineffective, wasteful subsidy.

Not to mention being unfair to legitimate home buyers that never got a dime of support from these idiotic government schemes.