Posted by
NJ Mike on Monday, April 28, 2008 5:09:02 PM
Soon many Americans will start receiving our "Tax Rebate" checks, the President's and Congress's attempt to reverse the recession.
Hey, the government wants to give me $600 back, I say I'm all for it. But it wouldn't have passed with support from congressional Democrats, so I must ask them some questions: What is the difference between this "rebate" and a tax cut? If a one-time rebate will help the economy, won't long term tax cuts help it even more? And if rebates help the economy, won't a tax hike, needed to finance all the new programs we'll get stuck with if Clinton or Obama get elected, hurt the economy?
Just some thoughts.