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An updated analysis of the homebuilder bailout on tax revenue, courtesy of BoomBustBlog member Christopher Alleva (thanks again for sharing your expertise).

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Click here (JCE Revenue Estimates) for the Joint Comittee on Taxation draft revenue pro formas. I can save you the effort of the download - the lion's share of the money goes to builder NOL carrybacks in lieu of to foreclosure buyout credits or direct aid to struggling homeowners.