A Senate bill to expand the tax credit to $15,000 for any homebuyer regardless of income was introduced this month by Sen. Johnny Isakson, R-GA. It is co-sponsored by Senate Banking Committee Chairman Chris Dodd, D-Conn.  (Isakson was formerly the president of one of the nation's largest real estate brokerage firms and would likely know more about what it will take to put a floor under the housing market)
 
                                            The Truckee River

The house bill to keep the $8,000 credit in place until June 2010 and expand it to all homebuyers was introduced last month by Rep. Kenny Marchant, R-TX. It also would provide a $3,000 credit to homeowners who refinance.
 
Another bill in the House, introduced by Rep. Eddie Bernice Johnson, D-TX, would extend the credit to all homebuyers through 2010.
 
The Business Roundtable, a consortium of CEOs from large companies, urged Congress this month to expand the tax credit to $15,000 and make all homebuyers eligible.
 
Source: USATODAY.com