"Every time somebody buys a house, the economy blossoms far beyond the actual sale." So begins the article in today's Courier Press. (see: http://www.courierpress.com/news/2010/jul/16/sales-ripple-through-economy)
The economic impact of home sales is tremendous. The jobs created and the revenues generated are substantial and enduring.
This bill is about job growth and economic stimulus - two things this state needs despearately.
The $100 million investment will reap long-term gains beyond its face value. It's important to recognize that the $100 million is portioned-out over a three year period, beginning in 2011; however, the economic stimulus will be realized beginning immediately. Again - that's something that we all desperately need.
While I respect the Governor's stance and emphasis on fiscal responsibility, I encourage him to be too consider this a short-term investment that will reap long-term gains for NJ and its citizens, and to enact the state homebuyer tax credit program TODAY.
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