<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by bry99:
Although I would benefit greatly, this is a terrible idea. At this point, we've already blown this year's federal budget surplus. And judging from how air traffic has grown in the past two weeks, I don't think that this stimulus package would do us any good. Even worse, this seems like a gift from the federal government only to those with enough disposable income--in a recession, of all times--to spend $500 on personal vacation travel through the end of the year.</font>
Although I really want to see the travel and tourism industry get back on its feet, I have to agree that this is a dumb idea. If double miles, low airfares, and low hotel rates don't get people traveling again, a tax credit certainly won't.
The way you get people back in the air and traveling is to make flying as safe and as convenient as possible again. The tax credit could cost an estimated $10 billion. There has to be a better way to spend $10 billion of taxpayer money. And as
bry99 alluded, this is yet another example of a tax credit for the rich.