Tax Rebates Are A Losing Proposition: Part 1

Marotta, David John
May 2008
Business Journal (Central New York);5/16/2008, Vol. 22 Issue 20, p41
The author reflects on the issue concerning the plan of the U.S. government to offer more than $100 billion of tax-stimulus checks to taxpayers. He argues that the move is an ineffective strategy to address the economic crisis and will offer increased burden to taxpayers, such as paying additional fees for filing to receive the rebates. The author contends that the stimulus package will also motivate consumers to increase spending which could result to a decline in their savings for retirement.


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