I disagree.
A tax is taking money from individuals and placing in government hands.
That is what takes place in this case.
Think of it this way: the govt has a tax on the books. In LA case, the state decided NOT to levy the tax by giving a rebate. If the rebate goes away, the tax comes back.
How in the world is that welfare?
Refundable tax credit programs call for a business or individual to receive a refund that is worth more than the amount of taxes owed. This means the state ends up paying certain companies and individuals back for taxes they never would have collected in the first place.
Bobby Jindal will propose scaling back Louisiana's tax credits Friday(February 26, 2015 The Times-Picayune)