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tax cut

   

$400 Stimulus Payment Dumbness Update

by Smithee on March 31, 2009. Economy 10 comments.

A few weeks ago I wrote a short piece explaining that while even if you think the “Making Work Pay” tax credit of $400 is a bad idea, at least we’re saving money this time by not sending out two letters and a check to every household in America. In short: the stimulus process could’ve ... Continue reading this article…

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The $400 Stimulus Payments Could’ve Been Dumber

by Smithee on February 18, 2009. Economy 23 comments.

The American Recovery and Reinvestment Act of 2009 includes, along with all the spending, the biggest middle-class tax cut in American history. Ignoring all the stuff about housing and small businesses and car sales, this will mean a yearly saving of $400 for individuals, or $800 for couples. It’s not a lot of money. People who ... Continue reading this article…

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