Homebuyer tax credit

The following is from Senator Kyl's office. According to Senator's Kyl's legislative counsel, the following is being circulated by lobbyists regarding the homebuyer tax credit:
Homebuyer credit extension and expansion to pass the Senate. The Senate is lining up to pass a $16.7 b. six-month extension of the first-time homebuyer credit with an expansion to include all homebuyers and a doubling of the present law income limits to $300,000 for couples and $150,000 for individuals. Senators Johnny Isakson (R-GA) and Chris Dodd (D-CT) plan to offer their amendment to the unemployment extension bill the Senate may take up next week. A similar effort fell short by a vote of 47-50 on August 6, 2009. Senate Majority Leader Harry Reid (D-NV), several other Democrats, and most Republicans support the amendment too. So far, the amendment seems slated to pass without paying for it, although Republicans will push an amendment to require stimulus funds to be reprogrammed to pay for it.