Builders: Give Home Buyers a Tax Credit

With home buyers sitting tight, builders are hurting and crying for congressional help. But some say a tax credit may only prolong the agony
Recently built homes in a suburban neighborhood on top of the San Andreas Rift Zone, May 15, 2008. David McNew/Getty Images

Robert Toll took time out from explaining his company's dismal earnings report on June 3 to pitch a proposal. To shore up the real estate market, and the economy in general, he said, Congress should pass a bill to give tax credits to home buyers.

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