22nd January 2009
A Smarter Stimulus
“The criticism isn’t unwarranted. The record of past tax rebates is checkered, and forty bucks a month doesn’t sound like much. But the very things that seem unusual about Obama’s rebate plan—that it will be handed out by reducing withholding, instead of in one lump sum, and that it will add a small but steady amount to Americans’ take-home pay—are precisely why it’s more likely to succeed.
