August 29th, 2010
11:35 AM ET
12 years ago

FL Senate candidates support homebuyer tax credit revival

[cnn-photo-caption image= caption =" Both Charlie Crist and Kendrick Meek said Sunday that they support the revival of an $8,000 first-time homebuyer tax credit."](CNN) - Two of the three candidates running for U.S. Senate in Florida said Sunday that they support the revival of an $8,000 first-time homebuyer tax credit, but the Obama administration’s housing chief said “it’s too early to say” whether it will be offered again.

Housing and Urban Development Secretary Shaun Donovan left the door open to extending the tax credit but said that the White House will be "focused like a laser" on stabilizing the housing market.

“All I can tell you is that we are watching [the housing market] very carefully,” Donovan said. “[…] we're going to do everything we can to make sure that this market stabilizes and recovers."

Republican-turned-independent Florida Gov. Charlie Crist said reviving the tax credit “would be a great lift” that “would stimulate the economy, it would increase home sales in Florida.”

Watch this portion of Ed Henry's interview with Crist, after the jump:

“I think any time you can reduce taxation in order to spur the economy forward, that's a good thing to do and that would be great to do. I would absolutely encourage the president to support that because it would certainly help my fellow Floridians,” Crist added.

One of Crist's opponents, Democratic Rep. Kendrick Meek, agreed and said he “absolutely” wants to see the credit extended.

The tax credit, signed by President Obama in 2009, was available to certain homebuyers who purchased or entered into a contract to purchase a home on or before April 30.

Last month, the president signed an extension for homebuyers who were in the process of buying a home but had not yet settled. Those consumers will now have until September 30 to close their deals.

–CNN Senior White House Correspondent Ed Henry contributed to this report

Filed under: 2010 • Charlie Crist • Florida • issues • Kendrick Meek • Shaun Donovan • State of the Union • Taxes
soundoff (12 Responses)
  1. TCM

    of course they do....Florida's loaded with illegals...and lazy minorities, I mean Christ and Meek supporters..who'd love to keep suckling on the government teet...just where exactly does the money come from? IT comes from US...and when you have voted for these clowns, and some undeserving lowlife gets in the house next to you for free....after you've busted your hump...think about your vote....

    August 29, 2010 11:38 am at 11:38 am |
  2. stevegee

    Democrats just don't get it - the government has no business tinkering with a market economy. The easy-money mortgages are what caused the Great Recession in the first place. The first-time homebuyer credit only creates a temporary lift, then a crash! Let capitalism work - and our economy would repair itself.

    Wake up people! Put a stop to the Socialist agenda being shoved down our throats by Obama and the Democrats. In November, vote American, vote Republican.

    August 29, 2010 11:42 am at 11:42 am |
  3. Rush Goebbels

    The drunks want the keys back.Even Glen Beck is trying to make you think he is now sober enough to drive.Its just a big game,hoping to finish the job on the American people.

    August 29, 2010 11:50 am at 11:50 am |
  4. annie s

    To TCM. I live in Florida. I'm a small business owner who understands that the government MUST sometimes step in to alleviate problems throughout the country, I also understand that bigotry and hatred are what is going to destroy America. Most minorities, like most whites, are not lazy. If an $8000 tax credit helps anyone to buy a home, then that person has already worked hard and saved money and is quite deserving. I'd welcome him as my neighbor – no matter his ethnicity or color.

    August 29, 2010 12:02 pm at 12:02 pm |
  5. vic

    @ TCM
    Illegal’s Don’t buy houses because they don’t have SSN so they don’t get tax 8000 credit

    There is no Lazy minorities , Rich republicans export minorities jobs Banks won’t finance if people doesn’t have jobs so they don’t get 8000 tax credit

    Do the math who get the $8,000 first-time homebuyer tax credit, be practical

    August 29, 2010 12:03 pm at 12:03 pm |
  6. jim

    Are Crist and Meek drinking the same kool-aid. I suggest that get a big ole dose of reality before opening their mouths again !!!!

    August 29, 2010 12:03 pm at 12:03 pm |
  7. Claudia, Houston, Tx

    Republicans are serving up the same old "kool-aid" again and Americans will drink it again. More of the same so don't complain.

    August 29, 2010 12:25 pm at 12:25 pm |
  8. stormerF

    Why is it all the Democrats want to do is give away your hard earned Tax Dollars? Seems like the cash for Clunkers got rid of all the Obama/Biden bumper stickers at a cost of $4500.00 extra to the tax payers. For sure Crist is acting more and more like Specter,just interested in keeping a job and living high on the tax payers back.

    August 29, 2010 12:27 pm at 12:27 pm |
  9. batb FL

    There are a FEW people deserving a tax credit for first time homebuyers, but they are few and far between. If 2 people have jobs, SS numbers, and some cash saved to help with the downpayment or closing costs, then by all means they should get a tax credit. No more tax credits or financing to those that have NO jobs, nor NO SS numbers, these people do not deserve the privialge of being homeowners. After all they could not afford the upkeep on a home. Soon it would be in shambles. That is what is wrong when one thinks that everyone is entitled to own a home. Owning a home is not a right but a privialege!!

    August 29, 2010 12:43 pm at 12:43 pm |
  10. vic

    Republicans barrow money from China dumped in Iraq Cash for Clunker first time home owner credit better than dumping in Iraq

    August 29, 2010 12:44 pm at 12:44 pm |
  11. Donald

    U cons/repubs are too funny. u guys stream 4 govt to create jobs but at the same time say govt should stay out the way. Thats call being a moron

    August 29, 2010 12:47 pm at 12:47 pm |
  12. K. Hawkins

    Found it disgraceful that Marco Rubio could refuse to appear on CNN, yet CNN's Ed Henry would use a film clip of Marco Rubio during the "State of the Union" interview with Charlie Crist. CNN (Henry) was extremely tough on Charlie Crist and said little about the only man refusing the offer to appear. CNN also used a film clip involving Sarah Palin – someone who resigned her governor position when things got tough. Hopefully CNN will be just as tough on Marco Rubio or Sarah Palin – if they ever agree to an appearance outside their hand-picked forums. At least Charlie Crist and Kendrick Meek showed up!

    Marco Rubio omitted jobs saved while Crist acknowledged the jobs saved by the stimulus money. The truth about higher forclosures is that many middle class people can no longer afford a second home in Florida – a state with numerous second homes.

    August 29, 2010 12:54 pm at 12:54 pm |