When Democrats and Republicans want to work together, they certainly know how.
The U.S. Senate late Wednesday unanimously passed legislation extending unemployment benefits and also significantly expanding a homebuyer tax credit that was championed by Republican U.S. Sen. Johnny Isakson of Georgia, AJC reporter Bob Keefe writes.
The Senate voted 98-0 to extend unemployment benefits for the jobless by up to 20 weeks. In states with unemployment rates of 8.5 percent and above — in Georgia the unemployment rate is 10.1 percent — the jobless could receive up to 99 weeks of benefits, which average about $300 per week.
As part of the unemployment package, the Senate also voted to extend an $8,000 first-time homebuyer tax credit through April 30, Keefe reports.
The homebuyer tax credit program, which is currently set to expire Nov. 30, also would be expanded to give all homebuyers a $6,500 credit as long as they had been in their previous home for at least five years.
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