Congress and the President have agreed on an economic stimulus package that’s sure to make you feel all warm and fuzzy inside. You see, not only do all of us taxpayers get some of our hard-earned money back from the government, but part of our tax money is being “refunded” to those who never paid taxes in the first place.
The rebates, which would go to about 116 million families, had appeal for both Democrats and Republicans. Pelosi’s staff noted that they would include $28 billion in checks to 35 million working families who wouldn’t have been helped by Bush’s original proposal. Republicans, for their part, were pleased that the bulk of the rebates — more than 70 percent, according to an analysis by Congress’ Joint Tax Committee — would go to individuals who pay taxes.
Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don’t pay taxes would get $300 rebates.
They have to dress it up and call it a “rebate” to deflect the argument that it’s nothing more than a good ol’ fashioned gubmint handout. How do you “rebate” something that was never paid in the first place?
And Republicans are pleased that 70% of the income tax rebates are going to individuals who pay income taxes? I wasn’t a math major, but that means that 30% of the $100 billion is going to people who don’t pay income taxes at all. And they wonder why we’re not as excited about the elections this cycle? Here’s a clue, folks, when everyone in Washington acts like big-government, wealth-redistributing liberals, it’s hard to tell you guys apart.
Of course, even a $30 billion redistribution of taxpayer money to non-taxpayers isn’t a big enough give away for Nancy Pelosi, who promises to redistribute more of your money:
Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining the rebates of at least $300 for almost everyone earning a paycheck, including those who make too little to pay income taxes.
“I can’t say that I’m totally pleased with the package, but I do know that it will help stimulate the economy. But if it does not, then there will be more to come,” Pelosi said.
This reminds me of what one of our leading Presidential candidates once said…
“We’re going to take things away from you on behalf of the common good.”