Home Buyer Tax Incentive goes to President

At this moment there are millions of people waiting for the President to sign into law a bill that will give average Joe American the first good reason to step out of fear since June 2005 and make the move to purchase another home. This tax incentive reaches to the grass roots of our economy, giving life to small business and encouraging strong cash flow within local communities around the country. No big CEO or labor unions get in on this one, just hard working citizens who see real money pass into the hands of their neighbors, their friends and their families when a house is purchased.

I've seen it work already. A young couple makes their move to leave a rental unit and buy their first home. The tax incentive will pay to update the house. The home they buy belongs to a recent widow who can no longer handle her large two-story home on a half acre wooded lot. Unable to sell in the past 3 years due to declining home values, the incentive prompts a buyer for her home and she in turn has a tax incentive to purchase the vacant home down the street whose owner has been desperate to sell. The money she makes on the sale of her home allows her to pay off all her accumulated debt, buy the homes and make some upgrades to suit her needs.

These two transactions would never have happened without the tax incentive. In the next two months almost $64,000 in cash flow will be generated by each of these sales; $128,000 infused into a community starved for small business jobs. Taking home a much needed paycheck are the home inspector, pest service, furniture salesman, handyman, 2 real estate brokers, a mortgage broker, 2 attorneys, a title company, insurance companies, painter, electrician, flooring store, home improvement store, power washing crew, moving crew and many more. With money in hand, they will quickly pay bills, shop for delayed needs, travel, eat out and pay taxes for the new income.

This is capitalism at work. This is free-enterprise recovering from a government caused melt-down. Put a few bucks in the pocket of a hard-working American and the engine of our economy moves.

Thank you Congress, thank your Senators and in advance....thank you Mr. Obama for finally getting something right for the average hard-working, tax paying citizen.