Attention Economy


Saturday, December 23, 2023

A Fiscal Stimulus Disaster

How a ‘Well-Intentioned’ Tax Credit Became a Colossal Mess
https://www.wsj.com/politics/policy/pandemic-tax-credit-went-wrong-b25ab03a
Employee-retention credit has cost the government about four times as much as expected—and counting 

The Employee Retention Tax Credit Is the Biggest Covid Scam
https://www.wsj.com/articles/employee-retention-tax-credit-covid-congress-irs-employers-6c72e9c1
The pandemic tax break was supposed to cost $55 billion. The bill so far: $230 billion, and rising.