The Senate today passed a tax credit of up to $15,000 for anyone who buys a house this year. The proposal was pushed by Republicans who favored targeted tax credits over no-strings rebates.
There's currently a $7,500 tax credit for home purchases, but the money must be repaid.
The Senate measure, if it becomes law, would provide a credit of 10% of the home purchase price, up to a maximum credit of $15,000.
Real estate industry groups have backed such a credit as a way to spur demand for homes.
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