AP: Most of housing bill would aid businesses

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After yesterday’s debate here about tax breaks for home builders, two wire stories caught my eye this morning.

This from the AP: ‘A measure billed as boosting the slumping housing market showers money-losing businesses with $25 billion in tax relief in the next few years but offers just $3 billion to homeowners. The estimates released Thursday by congressional scorekeepers lend credence to accusations that the measure helps businesses like home builders while doing little to help millions of families threatened with foreclosure.’

Here’s the other one, from Bloomberg: ‘KB Home shareholders rejected a labor union proposal to tie executive pay to the Los Angeles-based home builders’ performance. ... KB Home said last month it paid Chief Executive Officer Jeffrey Mezger $16.4 million in the 2007 fiscal year, his first full year as CEO.’

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Photo Credit: AP