House plan: Tax rebates, break on home loans - Seattle Times(Cash Plus Money Loan)
NWjobs | NWautos | NWhomes | NWapartments | NWsource | Classifieds | seattletimes. The full rebate would be limited to individuals earning $75,000 or less and couples with incomes of $150,000 or less, but a partial rebate would go to individuals earning up to $87,000 and couples earning up to $174,000. Increase the availability of mortgages by providing a one-year boost to the cap on loans Fannie Mae and Freddie Mac can buy, from $417,000 up to $729,750 in high-cost markets. WASHINGTON — The Bush administration and House leaders agreed Thursday on a plan to provide almost $100 billion in tax rebates to 117 million taxpayers and about $50 billion in tax reductions for businesses in a bid to avert a recession. Find Out More
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