Considering that some households have paid far more federal income tax than others, this is effectively wealth redistribution.
The difference in tax paid between one family just starting out with low wage jobs and two professionals about to retire is probably several orders of magnitude.
Why should they get the same amount?
And how do you like the idea of more inflation? Throwing a bunch of money at everyone will get you just that.
It’s disappointing to see so many hoorahs for this kind of socialist crap on FR.
The only sensible thing to do is put it on the debt. Call bonds totaling the same amount as recovered and make sure the budget is trimmed accordingly.
No! Use it to pay down the deficit. Investigate and prosecute those who committed the fraud and confiscate their wealth and use that to pay down the deficit even more. And make sure they spend the rest of their lives in prison.
We’re running a massive deficit on a yearly basis. Paying down the debt isn’t on the horizon.
Much better than just giving money back. Kill the deficit first.
Part of me thinks no. But the other part of me wants revenge for the money spent to promote atheism in Tibet, mansions for Ukrainian nazis, 8% of the budget for the BBC, BLM and Antifa, etc.
Then I want a cut or the loot just because it will piss off the right people.
Don't give every taxpayer family a one-time check, lower their taxes and let them keep the $5,000 in the first place.
That's a payment that will recur every year, and it keeps the money out of the politicians' hands. The money will be spent locally (or saved), and will reap more benefits at home than in DC.
-PJ
I don’t like it but I understand it. He’s buying off the 50% of the public that is too stupid to understand anything but free stuff.
I’d be grateful if every last one of the bastards was put in prison for life.
GWB sent me a check for 1200.
It didn’t help him win reelection
At least make it a refund only to folks who actually paid in. That will really tick off the dems.
The ultimate irony - take $$ that would have gone to buy Dem votes and use it to buy Pub votes.
Troops first.
I prefer it go to the debt, but I’m not going to refuse a little bit of money. Hope it won’t be inflationary.
Its 80 percent to pay for the national debt and 20 percent which goes to US..sounds good to me, thats OUR money
Free money = inflation. Pay down the deficit instead!!!
The current budget deficit is about $1.8T. So whatever reduced spending is achieved can help reduce the deficit. We are nowhere close to being in a position to pay down accumulated debt. First we need to move towards a balanced budget.
Trump’s efforts will help reduce the debt and expose past corruption.
Ultimately ... “someone has to go to prison, Ben.”
At first I was totally against the idea, thinking that it should go to pay down the debt. But upon further reflection, I think that some portion 10%? 15%?) should go to the people to show them how much more money they would have if they stop voting for the Democrats and the GOPe.
Progressive tax …….then there better be progressive refunds.
Wouldn’t hurt and it will help approval numbers. Even if 10% it would be concrete evidence.
I heard from Trump tonight the he wants to give 50% back to Americans as a payment and 50% back to Americans as debt reduction.