Senate seen extending home buyer tax credit soon
WASHINGTON, Oct 26 (Reuters) – The U.S. Senate should act later this week to extend a $8,000 tax credit for first-time home buyers that is scheduled to expire soon, Democratic Sen. Bill Nelson said on Monday.
“The existing law ceases to exist on November 1. This would be an extension for a limited period of time,” Nelson said.
Your story says that existing law ceases November 1st. Please check your sources and the actual existing law which actually ends December 1st. NOT November 1st!
Thought you should know before you have a million readers freak out cause Nov 1st is just a few days away and they really have about a month left with current law.
This one was a bit complicated because both the lawmaker who spoke and the reporter who did the story were on a plane at the time we spotted the wrong date. We fixed the problem by dropping the quote, but not before some readers noticed the wrong date.
U.S. President Barack Obama (L) steps off Air Force One with Senator Bill Nelson (D-FL) as they arrive in Miami, Florida, October 26, 2009. REUTERS/Jim Young