Remember when Biden promised a $15k first time homebuyer tax credit?

https://www.housingwire.com/articles/renters-and-bidens-15000-homebuyer-tax-credit/

Now it's $25k, but with the new restriction that your parents must not own a home.

https://www.housingwire.com/articles/here-it-is-bidens-homebuyer-tax-credit-legislation/

So basically, another broken Biden promise.

If any of my comrades qualify, or no longer qualify for this, what do you think?

  • CthulhusIntern [he/him]
    ·
    4 years ago

    How to be a fiscally responsible politician who balances the budget:

    1. Introduce legislation for a very popular program that would help many.

    2. Add a means testing clause that's so restrictive it helps next to no one, and the administration of which is so time-consuming that it helps those few even less and so expensive, it would just be cheaper to not have it.

    3. Remove the entire program instead of just the means testing element upon seeing how expensive it is.