$8,000 Tax Credit to start your new life!
Even though the $8,000 tax credit has come under a lot of scrutiny through out its lifespan I believe it was one of the most ingenious ideas the Bush Administration ever conceived. My wife and I just purchased a new home and plan to use the money to kick start our life, and also create a bit of savings. Though many people have said that it only benefits the housing industry and creates an artificial boom that will very soon come to an end I think it is has many more lasting effects. That is $8k that individuals with jobs will be spending on everything from furniture, to food, and putting into savings. All of which benefit America greatly putting many more people to work to sell the furniture, grow the food, and kick start the banking industry again by allowing banks to put out more loans. The whole deal helps starting families, and the entire middle class to prosper, not for a one time deal, but rather over a great deal of time. Now I just can’t wait until tax time next year in order to get the $8,000 tax credit so that my wife and I can start furnishing our new home, I can start growing my online business, and slowly over time we will have what we need to live comfortably.