"The proposal you have before the Congress presently is a renewal of the $8,000 tax credit."
"I personally think you would lose all the value of the tax credit if it became a permanent accepted credit in the general marketplace."
"I learned a long time ago in Government that legislation is about the art of the possible."
"What I have done is Senator Dodd and I and Lieberman and others who were sponsors of it, we removed the first-time homebuyer qualification."
"Nobody argues that the tax credit has worked."
"The corporate relocation market is basically dead."
"I believe it is important, as we look at the current termination on November 30th, to consider what is going to happen if we do not extend that credit."
"I appreciate the opportunity to be here. Quite honestly, I have never been on this side of the dais before."
"It needs to be extended and it needs to be broadened in the following ways: One, it should be broadened to any homeowner who buys and occupies as their principal residence for 3 years, as long as thei..."
"In 1974, I was a branch manager for a company when the biggest housing crisis prior to this one act took place."
"I actually sold houses with 16.5 percent interest on the houses and negative amortization on the loans."