Tax Rebate

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.

There is unanimous agreement from all points of the spectrum that the cheapest, easiest and quickest way to save on energy costs and reduce imported oil is to reduce waste and be more efficient on the consumer side—especially in insulating residences and using more efficient appliances and automobiles. Many local electricity and gas companies have rebate programs; the federal government offers $1500 tax rebates to ordinary Americans, and many states have similar programs in 2010.^[1]

References[edit]

1. ↑ See "Federal Tax Credits for Consumer Energy Efficiency" 2010; for state rebates see The Database of State Incentives for Renewable Energy (DSIRE)