Tax rebate

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Tax rebate also known as personal income tax rebates or stimulus checks, is the method of returning tax dollars to tax payers. This popular method exists because it is proven that the people can better stimulate a sagging economy than the government can. With the extra income the people would buy goods such as automobiles and the result will be to hire more workers. As more people enter the workforce, more tax revenue is created. This is often referred to as the bottom-up strategy. President Ford authorized a tax rebate at the behest of a Democrat-led Congress. President George W. Bush authorized two tax rebates. Barack Obama and the Democrat-led Congress set up a top-down stimulus strategy, the opposite intentions of a tax rebate. The government is in charge of stimulating the economy and issues tax dollars to be spent on massive public works spending. The result is waste and mismanagement of resources that reach only those people who lobby for tax dollars and has proven not to create jobs.


