After defunding the renters' and homeowners' tax assistance program (known as the "renters' rebate") on grounds that the state could not afford to make any tax rebate payments to low-income senior, blind and disabled Californians, the Governor has signed legislation to give $100 million in new tax credits to people who buy homes between March 2009 and March 2010.
The Governor's move is another slap in the face to low-income Californians. The Governor prefers to give $10,000 each to individuals who are well off enough to be buying new homes in the current economy, rather than continue a program that provides an annual $347.50 payment to low-income senior, blind and disabled Californians.
Full story at www.RentsandRants.org
Monday, February 23, 2009
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