Rep. Lee Terry, R-Neb., has what he hopes will prove to be the cure for the country's ailing housing market -- a $10,000 income tax credit for those who purchase a home.
House Republican leaders on Tuesday touted Terry's tax credit idea as one-half of a two-pronged approach to dealing with the housing crisis and its role in the country's current economic woes.
The second part would offer consumers protection from disreputable mortgage lending practices.
The Republican proposal is being offered as an alternative to a plan put forward by Democrats, one that could reach the House floor as early as today.
