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How about lowering payroll tax? This would help WORKING Hoosiers, not visiting Hoosiers.
Whatever you decide, let it not be to just pass out money to social security numbers.
So the theory is there is too much out there now from the Feds, so let’s put some more out there. Yep that will help inflation. Why not invest in mental health facilities so that we don’t keep spending money on jailing these people which is a greater cost to taxpayers. If you are going to say it is mental health not guns, let’s do something about it. Same for those on the streets who are mentally challenged. We take better care of animals than these people in need. Both parties are doing nothing but pandering to people instead of solving problems.
The other thing, refunds cost money to do. Just lower the taxes.
Well stated. I would spend the money on continuing to update/improve infrastructure, but to your point, there are any number of ways to spend this money wisely. However, handing money out is pandering, it is what caused inflation and it will only extend inflation. Very frustrating.
You are both correct… handing more money out now won’t help the economy, and if some theories are correct, could add to inflationary pressures. But that’s the whole point. The plan is, worsen inflation asap, then blame it all on Biden. Indiana’s Republicans are no different from those in Washington — they don’t want to solve anything, they just want to create talking points to use against Democrats. Governmental service for them is not about serving constituents, not about implementing helpful policy, only about gaining more and more power.
This is not great. An across-the-board cut in taxes and/or refunds will make inflation worse, not better. Taxes are themselves an anti-inflation measure! Income limits would help to provide relief to the poorest of Hoosiers, but most of us don’t need this.
Giving us money back, that is sitting in an account somewhere, will not increase inflation. It’s real money that we all sent or gave to the state. Borrowing money to pay us, or printing money that doesn’t exist, will cause more inflation. You darn well know all the money given to us will be spent immediately and help the economy, not inflate it.
Individuals that did not file a tax return did not contribute funds to the state’s treasury. If this truly is a refund of tax dollars to tax payers…there are plenty of social services in place to provide assistance.
“all the money given to us will be spent immediately” – that is, in fact, EXACTLY what causes PRICE inflation, because increasing demand, without increasing supply, will necessarily cause prices to increase. Investing in infrastructure, job training, childcare, and healthcare is the way to increase supply and drive prices back down, without decreasing demand (i.e. people buying less of the food, houses, and stuff we all want) and make everyone better off in the process.