Spend your welfare wisely

My column for the West Bend Daily News is online.  It’s called, ”Spend your welfare wisely.”

Enjoy.

1. You’re right, it’s not a tax refund.  Therefore the fact that some people receive it pay no federal income tax is really not relevant.  It’s not being targeted at those deemed most “worthy”; it’s being targeted at the people most likely to spend it, and probably secondarily also those most likely to be hurting the worst in this economic downturn.

   What I can agree with you on is this: it’s a much more effective political tool than an economic one.

   Posted by scott on May 08, 2008 at 0855 hrs




2. Also, be certain to set about a third of it aside to pay the tax on it next year, because I’m 99.999% certain the IRS will consider it “income"…

   -jjg
   DailyScoff.com

   Posted by J. Gravelle on May 08, 2008 at 1006 hrs