Sacramento, CA – In a keynote address at the North State Building Industry Association’s annual Sacramento Regional Housing Forecast, U.S. Senate candidate Carly Fiorina announced her support for the extension and expansion of the Homebuyers Tax Credit and discussed the fundamental role less regulation, a reduced tax burden and access to capital will play in bringing recovery to the housing sector and the economy overall.
“The dreadful consequences of the collapse of the California housing market have reverberated throughout the California economy: families have lost their homes, prices have collapsed and the market for new houses has vanished,” said Fiorina. “For California, stabilization of the housing market is a prerequisite to a general economic recovery. History has shown that growth in the housing sector will be a leading factor in driving California’s economic recovery.”
Carly addressed the importance of government action to get capital into the hands of individuals through actions such as the homebuyers tax credit and praised the Senate for approving an extension of this credit yesterday as well as the House, which overwhelmingly approved the measure today. She also cautioned that at the same time government must also be careful not to put into place onerous regulations that prevent economic recovery.
“Government and business leaders must work together to streamline regulation and permitting, reduce the tax burden and get capital into the hands of individuals and small businesses that will be the force behind job creation and lasting economic recovery,” she continued. “The extension and expansion of the Homebuyers Tax Credit to give more Americans access to the housing market is an example of the type of policy we should be encouraging.”
On Wednesday, Carly officially announced her candidacy for the U.S. Senate. She is traveling across the state this week holding town-hall style meetings and delivering remarks on crucial economic issues.
