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COMMENTS: Subsidy Spurs Sales
There was very little other breaking news that the networks bothered to report. CBS' Anthony Mason and ABC's Ryan Owens covered the monthly release of statistics from the real estate sector. Existing homes sales are increasing. Both reporters gave credit for the increase to the federal income tax break that offers an $8,000 subsidy to those buying their first home. Owens quoted an estimate that 45% of September's sales qualified for such a subsidy. Thursday, NBC's Kelly O'Donnell told us about estimates by the Internal Revenue Service that $500m out of the $13bn in subsidies may have been falsely claimed.
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