Obama's "refundable tax credits" are basically welfare checksSubmitted by truth supporter on Wed, 01/07/2009 - 11:12
It now looks like half of President-elect Barack Obama's stimulus package will take the form of "tax cuts" for 95 percent of all Americans. Yet this wouldn't boost the economy as much as trigger a massive, unhealthy shift in American politics.
Under Obama's plan, the majority of American voters would pay no federal income taxes but would get money from the government instead. That is, these "refundable tax credits" are basically welfare checks — and Obama's plan would leave the most of us collecting, not paying.