House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has introduced a bill to help struggling homeowners with a refundable tax credit, even as a bipartisan Senate bill faced a threatened veto from the Bush administration.
Rangel's bill, the Housing Assistance Tax Act of 2008, is designed to complement a bill that the House Financial Services Committee has been crafting to address the growing rate of foreclosures.
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