Tax Rebates Are a Losing Proposition Part 1 (2008-05-12)

by David John Marotta

Beginning this month until July, the government will issue over $100 billion in tax-stimulus checks, the equivalent of about 1% of annual consumer spending and some 70% of the country's $14 trillion gross domestic product (GDP). The assumption is that we can spend our way out of a recession by boosting third-quarter GDP growth over 4%.

Read the complete column at http://www.emarotta.com/article.php?ID=283