Thursday, June 5, 2008

Hill Watching, June 4, 2008 - Family Tax Relief & Vet's Housing Tax Credit

Senate spent most of yesterday (and this week) debating the Climate Change bill and the both Chambers are working on the '09 budget this week, so very few bills introduced this week.

That being said, here is a bill in the Senate to provide tax relief to families. Any tax relief for low and middle income folks is key in these critical economic times :

By Mr. SMITH (for himself and Mrs. LINCOLN):
S. 3079. A bill to amend the Internal Revenue Code of 1986 to provide income tax relief for families, and for other purposes; to the Committee on Finance. Source: GPO: [S5039]

In the House, here is a bill to assist vets in purchasing of a principal home:

By Mr. BILIRAKIS (for himself and Mr. PUTNAM):
H.R. 6181. A bill to amend the Internal Revenue Code of 1986 to allow certain current and former service members to receive a refundable credit for the purchase of a principal residence; to the Committee on Ways and Means. Source: GPO [H4970]

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