Barring that, families could apply the tax rebate to health insurance they purchase on their own.
Thus, the new policy aims to curb production of low-tech goods (like cheap plastic trinkets) by reducing the tax rebate for exporters more than 50% in many cases.
In response, Finance Minister Sammy Wilson cautioned members that reducing corporation tax would bring an immediate cost to the public purse, with no guarantee that the tax rebate would stay in the local economy.
Its "tax cuts for 95% of the American people" are the tax-rebate equivalent of the ancient machine-politics practice of handing out free turkeys at holiday time--nice gesture, but it does nothing to increase incentives for productive work, risk- taking and success, good things achieved by cuts in tax rates.
At the heart of the shelter was a kickback: The taxpayer avoided taxes on U.S. income because the income was supposedly being taxed in Guam, when in reality, the territory had agreed to rebate the tax after six months.
By luck more than design, the income-tax rebate was well timed (Mr Bush had promised to cut taxes long before the recession hit).
Making Work Pay: The No-Impact Tax Rebate Program originally appeared in the Daily Reckoning.
There are also plans to abolish the 25% tax rebate for cinema professionals.
The cuts include a tax rebate for employers who hire recent combat veterans in a measure sought by the Republicans and the Independent Democratic Conference.
The bottom line of the CBO analysis of the various rebate options of the carbon tax is that those that are best targeted toward offsetting the regressiveness of the tax are the ones most likely to create some economic distortion and have the highest administrative costs.
FORBES: Carbon Tax Getting Serious Consideration As CBO Seeks To Address Regressiveness
We would also use the rebate of tax dollars to the bottom third of taxpayers to solve other social problems.
Meanwhile, in the UK, some 300 lorry drivers demanding a fuel tax rebate blocked a major route into the capital during the morning rush hour in protest.
The state government is required to rebate annual tax revenue increases in excess of this limit back to the taxpayers.
Among the issues that might trip up leaders negotiating a package is the question of who gets a tax rebate.
To prevent that from happening, Beijing this week unveiled measures to help industry, such as a new value-added tax rebate, but the program will undoubtedly prove ineffective.
Now, you've heard the talk whether a rebate or a tax break--that's yet to be worked out.
Looking ahead, the optimists point to further interest-rate cuts (perhaps another half point during the next few months) and a tax rebate.
Second, the law was introduced as a counterweight to trade-enhancing measures in Europe, such as the rebate of value-added tax on exported goods.
So if the government enacts a once-off tax rebate, theory would lead one to expect that people would spread increased consumption over time, rather than go out and binge.
An example is the earned income credit, which is a tax rebate for lower-income workers.
On the flip side, the Minnesota Revenue Department sent 3, 500 tax rebate checks to taxpayers ineligible to receive them.
One way Congress can address the problem is with a rebate effectively exempting thousands of dollars of spending from tax (the exact amount is tied to the poverty level so it rises as income falls).
FORBES: Do Republicans Really Want to Cut Taxes on the Wealthy and Raise Them on Everyone Else?
The payroll tax holiday would replace a provision in the House-passed economic stimulus bill to send rebate checks to those who did not receive them this summer -- those who do not make enough to pay income tax but are still subject to payroll taxes.
There's something for everyone in the landmark tax legislation President George W. Bush signed June 7--a lot more than the measly rebate checks that will be mailed out this year.
There is a funny thing about the rebate, though (called a prebate in the FAIR tax).
FORBES: Do Republicans Really Want to Cut Taxes on the Wealthy and Raise Them on Everyone Else?
This would not come about for some time, however, and in the interim a higher gasoline tax should be accompanied by some form of rebate or tax relief for those of limited means whom it would injure most.
Mr Speaker, I said that I would look at the administrative practicalities of other options that some Right Honourable and Honourable Members have suggested, including a one-off rebate or compensatory payment as well as changes to the tax credit system to allow the average losses to be offset.
Federal tax credit: The federal government offers a 30% investment tax credit on the cost of the system after rebates. (The credit is higher in Denver, for example, because there is no state or utility rebate.) To claim the full credit, your tax bill must be bigger than the credit.
America's emergency tax rebate, voted this year to help people cope with the credit crunch, has in effect been taken right away again.
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