Part of Speech: n.
Quotation: Because poorer people tend to spend a greater share of their income than the wealthy, economists generally consider sales taxes as regressive. The proposal would buffer that burden by pairing the new tax with a system of monthly payments to individuals and families, which the legislation refers to as “prebates.”
Author:
James O’Toole
Publishing Location:
Pittsburgh, Pennsylvania
Date of Publication:
Dec. 9, 2007
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