Bill would expand mortgage tax break

WASHINGTON, Oct. 13 (UPI) -- U.S. Sen. Johnny Isakson, R-Ga., said Tuesday he would introduce language that would expand the $8,000 tax credit to all home buyers.

Isakson's office said the language will be offered as an amendment to legislation extending unemployment benefits, The Hill reported.

The new measure would keep the credit at $8,000, but would expand it to include all home buyers, not just first-time home purchases. It would also double the income limits on those eligible to win the credit to $150,000 for an individual and $300,000 for a couple.

The tax credit was part of the $787 billion economic stimulus package Congress approved earlier this year and is to expire at the end of November.