Welch calls for extension of first-time homebuyer tax credit

first_imgAt the Essex home of Lindsey and Matt Wignall, Rep. Peter Welch on Tuesday called for a year-long extension of a tax credit that allowed the Wignalls and hundreds of thousands of other middle class families to buy their first home. Welch outlined his support for the First-time Homebuyer Credit Extension Act (H.R. 1993), which would extend a popular and successful program that provides an $8,000 tax credit to families buying their first home. The program has been credited with stabilizing the housing market, creating construction jobs and helping countless families achieve homeownership.Welch called for the extension alongside the Wignall family and Dustin Partlow and Sierra Ouellette – a Burlington couple hoping to take advantage of the credit before it expires November 30. Like families across the country, Partlow and Ouellette are worried they will be unable to afford a new home without the credit.“In this time of economic uncertainty, the First-time Homebuyer Tax Credit has given countless Vermont families support to achieve the dream of homeownership. This tremendously successful program has provided middle class families a much-needed boost while creating construction jobs and boosting the broader economy,” Welch said. “Extending it will ease the uncertainty facing families in the midst of buying a home, and it will help ward off an untimely slump in the housing market.”The First-time Homebuyer Tax Credit – created in July 2008 with the passage of the Housing and Economic Recovery Act – originally capped the credit at $7,500 and required it to be paid back in 15 years. With the passage of the American Recovery and Reinvestment Act in February 2009, the credit was increased to $8,000 and the repayment requirement was waived.H.R. 1993 would extend the credit from November 30, 2009 through December 30, 2010. The bill would also retroactively waive the repayment requirement for those who took advantage of the credit in 2008.According to the Internal Revenue Service, 1.4 million Americans have made use of the credit. Mark Zandy, chief economist for Moody’s Economy.com, said roughly 375,000 of those home purchases would not have taken place without the tax credit.At Tuesday’s event in Essex, a homebuilder, a real estate professional and a banking official discussed the effect the credit has had on creating jobs, restoring the housing market and stimulating the economy. Chris Snyder, executive vice president of Snyder Homes, Leslee McKenzie, president and owner of Hickock and Boardman Real Estate, and Chris D’Elia, President of the Vermont Bankers Association, all spoke in support of extending the tax credit. Source: Welch’s office. 10.6.2009# # #last_img read more

2,958 IMCA drivers get point fund shares

first_imgVINTON, Iowa – Point fund checks will be pre­sented or mailed to 2,958 IMCA drivers this year. That number represents more than 40 percent of the licensed drivers competing in 2014. A total of $607,983 will be paid, based on national, re­gional, special series and local track standings. “There isn’t another sanc­tioning body that pays so much to so many differ­ent drivers,” noted IMCA Vice President of Opera­tions Brett Root. “We’re very proud of that at IMCA.” Individual point fund amounts are published in the second section of the November Inside IMCA newsletter.last_img

Ann Wauters: “the Belgian Cats are a wolfpack”

first_imgAfter finishing fourth in last year’s FIBA Women’s World Cup, many thought the Belgian Cats would stand a good chance at going to the final at 2019’s FIBA Women’s EuroBasket. The loss to France in the quarterfinals in Serbia was a blow to the team, but a win to secure a place in the Olympic pre-qualification tournament has managed to put Belgium’s hopes back up to where they originally were.“It was disappointing. We knew it was possible [to go far in EuroBasket] but the whole tournament is one of the most difficult things we’ve ever done,” said the team’s leading scorer Emma Meesseman. But she said there was one person they would look toward for inspiration.  https://images.daznservices.com/di/library/sporting_news/e2/a2/emma-meeseman-fiba-belgium_5yj0se3j8fha1r7h5u136hj2o.jpg?t=-938891445&w=500&quality=80 While Hungary made valiant efforts to get back in the game, Wauters’ speech to Belgium inspired the win. After the game, Wauters said: “We are so happy now, a little bit relieved also. It wasn’t an easy tournament for us. The last two summers we were in a good place and had a positive vibe, everything was going the way we wanted, so I think this tournament we really learned a lot about our team: that we are strong mentally even when it doesn’t go well. We showed a lot of heart and character and now we can start to dream about the Olympics.”Belgium has a chance to qualify for the Olympics for the first time and the moment is not lost on Wauters. “We are going for our dreams, trying to qualify for the Olympics and this was a big step for us.”While rumours of Wauters potentially retiring in recent years might have circulated the women’s basketball community, it will be difficult for the 38-year-old to step away from the team with that dream ready to be realised. “Ann Wauters is our coach and player on the team. She keeps us calm and together, especially for our young group. We need somebody to keep us together.”The team’s long established talisman – who first played a professional game 20 years ago – has seen her country go from absolutely nothing on the world stage to winning the hearts and minds of fans at the 2018 World Cup. This is still a high moment for the country in her experience. She said: “I think it was our best game of the tournament so that’s something we have to hold on to. It gives us confidence for the next one.”The next one took place against Hungary, another team that was hungry after losing to Britain in the quarterfinals by just a few points. The task would not be straightforward.Belgium’s opening few minutes against Hungary went in much the same way as it did against France in the quarterfinals. They were scoreless early, and down 17-12 by the end of the quarter. But Head Coach Philip Mestdagh was keen to avoid a long, slow return to winning basketball and the second quarter saw his Belgian team score 27 points and shut down their opponents down for nearly 6 minutes.Hungary’s Yvonne Turner worked hard to get her team back into the game but she spoke about the change between the first and second quarters: “The adjustment was the referees. They wouldn’t let us play. Belgium shot 18 free throws in the first half to our one free throw and we lost by 16 points.”While there was a discrepancy between the fouls and free throws between the two teams, the good defense of Belgium has been a calling card throughout the tournament. And it was Wauters who was a big reason for keeping the spirits high after the loss to France, which carried over into the game, as Meesseman explained: “She had a great speech about how we have to stay together.She compared us to the wolfpack, even though we’re cats. They stay together and everybody has their own role if you look at the wolfpack. They have leaders, followers, fighters – and we are kind of like that. We have to stay happy and fight for each other. After that speech everyone felt positive and felt more confidence in ourselves.” https://images.daznservices.com/di/library/sporting_news/3e/6b/ann-wauters-belgium-fiba_1wsw0ocrra61h1rwakzqjzv16m.jpg?t=-938774973&w=500&quality=80last_img read more