The terminology here is going to be unfortunately confusing.
I think of vouchers as essentially being refundable tax credits; meaning you get them whether or not you paid the amount in taxes to cover the credit.
Refunds would just be reforming these into non-refundable tax credits, which would only pay out up to the amount of taxes owed.
The political sell would be that it actually costs less. The hurdle is that it is highly regressive.
this territory is moderated
Thanks for explaining
I was using poor terminology, please accept my apology
reply
No, you weren't. It's just that what we were calling "refunds" are most like "non-refundable tax credits" and that's a little awkward verbally.
reply