Tax Rebate Incentive Checks

[Alex]

I'm starting to see a backlash. I've run into a surprising number of people who apparently didn't pay much attention beyond the initial "1200 per couple" and no idea that it dwindled to nothing for incomes above a certain limit.

So they went and spent $1200 in anticipation and are now very upset with their $214 (or whatever) check they actually got.


On the plus side, though, this is great economic stimulus. The government "tricked" them into spending $1200 and it only cost taxpayers 10% of that.