April 7, 2008 02:55 PM | | Bookmark and Share

The Foreclosure Prevention Act introduced in the Senate last week includes several measures that lawmakers argue will address the home mortgage foreclosure crisis and the problems plaguing the home construction industry. Unfortunately, the bill includes tax provisions that are likely to help large corporate homebuilders and yet do little for ordinary Americans who are either struggling to keep their homes or who are hurt by the downturn in the home construction industry.

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