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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).


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.