Why is the tax credit side of the stimulus bill not going to help our country?
Three easy to understand words. They are “too darn complicated”. The purpose of tax credits is to help people do something for the economy or spend money that they otherwise might not spend. Tax credits can do that job pretty well with one important caveat. They must be simple enough to understand so it is easy for the recipients to calculate the benefits of spending the money. Unfortunately, Congress and the President must not have understood this basic requirement.
We’ve tried to help them out by translating their message into plain english.