Homeowners

Bill Also Includes Measures to Extend Homebuyer Tax Credit and Help Businesses to Offset Losses Incurred During Recession

November 4, 2009 -- Washington, DC - With millions of Americans still struggling to find work in this difficult economy, the U.S. Senate today took action to assist those in need by extending unemployment insurance benefits for up to 20 weeks. The legislation, which passed the Senate by a vote of 98 to 0, will also expand and extend the $8,000 homebuyer tax credit passed earlier this year and allow businesses to offset losses incurred during the recession. Whitehouse, a cosponsor of the unemployment provision, released the following statement following today's vote:    » read more »

Legislation also provides tax refunds to struggling Michigan businesses, extends and expands homebuyer tax credit

November 04, 2009 -- WASHINGTON – U.S. Senator Debbie Stabenow (D-MI) today announced Senate passage of the Emergency Unemployment Compensation Act of 2009, which she co-sponsored. The legislation will extend long-term unemployment benefits in Michigan by 20 weeks. This bill also provides tax refunds to businesses that have been hit by the economic recession, and extends and expands the successful first-time homebuyer tax credit.    » read more »

Worker, Homeownership and Business Assistance Act helps struggling Americans, first-time homebuyers and grows the economy

Washington, D.C. -- November 4, 2009 -- Today, Senator Arlen Specter (D-Pa.) commented on the passage of the Worker, Homeownership and Business Assistance Act. The bill provides 14 weeks of additional Federal-State Unemployment Insurance Program (UI) benefits to all states. In addition, it provides another six weeks of benefits to recipients in states such as Pennsylvania where unemployment exceeds 8.5 percent. The bill passed the Senate unanimously.    » read more »

Legislation includes homebuyer tax credit extension, help for struggling American businesses

November 4, 2009 -- (Washington, DC) - U.S. Senator Jeanne Shaheen, a leader in the fight to extend unemployment benefits to jobless workers in all 50 states and co-author of the Senate compromise amendment, today applauded Senate passage of a fair extension of unemployment insurance to jobless workers in New Hampshire and across the country.    » read more »

November 5, 2009 -- Nebraska’s Senator Ben Nelson today voted to provide additional benefits to thousands of unemployed Nebraskans, and to extend the First-Time Homebuyer Tax Credit that already has helped more than 10,000 Nebraskans buy homes and created hundreds of jobs in new home construction in Nebraska.

“Although Nebraska’s unemployment rate is lower than many states, more than 13,000 Nebraskans are receiving emergency unemployment benefits now, and many could be helped by the temporary extension we approved today,” said Nelson. “These benefits are a critical lifeline for those pushed out of work by the recession.    » read more »

November 5, 2009 -- WASHINGTON, DC - Senator Joe Lieberman (ID-CT) praised the Senate's passage of legislation to extend unemployment benefits to Connecticut workers for an additional 14 weeks. The bill, cosponsored by Senator Lieberman, also extends the homebuyer tax credit through April 30, 2010 and expands its availability to move-up homebuyers.    » read more »

November 4, 2009 -- [After ending a Republican filibuster on the bill earlier in the day, in a vote of 98 to 0, the U.S. Senate Wednesday night approved legislation to: 1) extend unemployment insurance by up to 14 additional weeks for jobless workers across the nation; 2) continue the $8,000 first-time homebuyer credit through April 30, 2010, but with 60 days to close after that date; 3) provide a $6,500 credit to new purchasers who have lived in their current residences for five or more years; and 4) extend and expand the carry back provision to allow all businesses to carry back losses incurred in 2008 or 2009 for five years.    » read more »

Measure Would Extend Homebuyer Tax Credit Through June

November 4, 2009 -- WASHINGTON - Following weeks of Republican obstruction, U.S. Senator Frank R. Lautenberg (D-NJ) today voted to approve legislation that would extend unemployment benefits for an additional 14 weeks in every state and an additional 20 weeks in New Jersey and other states where unemployment exceeds 8.5 percent. The legislation will also extend and expand the first-time homebuyers tax credit.    » read more »

November 4, 2009 -- WASHINGTON – Sens. Tom Carper and Ted Kaufman (both D-Del.) today voted to extend federal unemployment insurance for up to 14 additional weeks for the state’s jobless, noting additional benefits are needed in Delaware where unemployment stands at more than eight percent. Late today, the Senate passed the Workers, Home Owners, Business Assistance Act (H.R. 3548) by a vote of 98 to 0.    » read more »

November 4, 2009 -- WASHINGTON, D.C. - U.S. Senator Kay R. Hagan (D-NC) released the following statement after the Senate passed the Worker, Homeownership, and Business Assistance Act of 2009. The bill, which passed the Senate by a 98-0 vote, extends unemployment insurance benefits for up to 20 weeks for states like North Carolina that have been hit the hardest by the economic downturn.    » read more »

Casey’s homebuyer tax credit fraud prevention provisions included

November 4, 2009 -- WASHINGTON, DC- U.S. Senator Bob Casey (D-PA) today applauded Senate passage of legislation to extend unemployment insurance for laid-off workers who have exhausted their benefits, to expand and extend the homebuyer tax credit and provide relief to businesses with operating losses. The legislation must now be reconciled with the House before being sent to the president.    » read more »

November 4, 2009 -- WASHINGTON – Sens. Tom Carper and Ted Kaufman (both D-Del.) today voted to extend federal unemployment insurance for up to 14 additional weeks for the state’s jobless, noting additional benefits are needed in Delaware where unemployment stands at more than eight percent.

Late today, the Senate passed the Workers, Home Owners, Business Assistance Act (H.R. 3548) by a vote of 98 to 0.    » read more »

Bill Would Provide Extra Unemployment Assistance for Workers in States like Ohio and Would Expand Homebuyer Tax Credit

November 4, 2009 -- WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH) announced Senate passage this evening of a bill that would provide for an extension of emergency benefits to unemployed workers and expand the homebuyer tax credit. Brown is a cosponsor of the Worker, Homeownership, and Business Assistance Act of 2009, which would extend unemployment insurance by 14 weeks (with an additional six weeks for workers in high unemployment states like Ohio) and expand the first-time homebuyer tax credit to include existing homeowners who have not moved for five years or more.    » read more »

14,000 Jobless Coloradans Expected to Lose Unemployment Benefits by Year's End

November 4, 2009 -- Following a push to ensure that the Senate's extension of unemployment benefits includes Coloradans, Michael Bennet and Mark Udall, U.S. Senators for Colorado, today announced Senate passage of the Worker, Homeownership, and Business Assistance Act of 2009. The legislation, which they cosponsored, would provide relief to jobless workers by extending unemployment insurance for the nearly 14,000 jobless Coloradans who will exhaust their benefits by year's end. It also extends the homebuyer tax credit and provides important tax relief for Colorado families and small businesses.

The legislation is fully offset.    » read more »

Legislation also expands business tax credits, extends unemployment benefits

November 5, 2009 -- In an effort to help recharge Alaska's economy and hundreds of small businesses, U.S. Senator Mark Begich today supported legislation to extend the first-time homebuyer tax credit, and the expansion of a program allowing businesses to relieve their tax burden.

The Worker, Homeownership and Business Assistance Act passed the Senate by a vote of
98 to 0. The Act, co-sponsored by Sen. Begich, continues the $8,000 first-time homebuyer credit through April 30, 2010, allowing purchasers with a valid contract an additional 60 days to close after that date. It also provides a $6,500 credit to new purchasers who have lived in their current residence for five years or more.    » read more »