Proposed Tax Cuts to Ease National Real Estates woes
5 January 2008
In an unprecedented move by the White House, New York was compared to New Orleans as one of the cities who would benefit the tax cuts proposed by President Bush to alleviate problems in the real estates business. The said proposal calls for the reduction of taxation as part of the federal government’s move to help recovery during disaster situations and is seen as the boost the industry needs to alleviate uncertainties caused by past mortgage interest wild up’s and down swings. Industry analysts are still awaiting concrete proof that such a move is underway and that it would help boost buyer confidence in the said business area.
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