We (the US) have now reached the point where the looters can take money from a producer (people who work), hand it to a moocher (people who do not work), and call it a tax cut for the moocher.
Here's how. It's called a "refundable tax credit." The looters pass a bill containing a $3000 "tax credit" for people earning under a certain amount. They call this a tax cut ... and it is, for people who actually owe $3000 or more in federal income taxes. Now ... here comes the oddly-named "refundable" part. If the person eligible for the tax credit owes no income tax to the federal government - or if he owes less than the amount of the credit - the remaining balance of the credit is simply paid to the individual. That means that people who already pay no federal income tax at all .. and that's almost 50% of all wage-earners in this country .. simply get a check from the government (money seized from actual taxpayers) in the amount of $3000. What's more ... this $3000 is called a "tax cut!" Don't you just love it! The looters seize the money from the producers, hand it to the moochers .. and tell the moochers they're getting a tax cut.
You have gotta love it, at least the moochers do!!!!!
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