Quote:
Originally posted by smooth
I don't understand how you conclude that the federal government only lost the interest from his tax return.
They gave him $600--they now have $600 less than they had before. The federal government didn't recoup that amount from him or anyone else so shouldn't the rational response be to lower spending by $600, not raise it?
|
The $600 is money that would have been returned to the taxpayer when they filed their tax returns.