The government wants to get the checks out to people quickly, and as John pointed out, it could be spring, maybe even late spring, before taxpayers get the checks. Economists seem to have two worries: will the money get out quickly enough to boost the economy, and will people actually spend the money? So, Betsy Stark joins us again tonight. Betsy.
Well, Charlie, economists we spoke to today say this isn’t a perfect plan, but it is a good enough plan. And if it can be enacted as quickly as it was negotiated, it could make the difference between a slowdown and a recession, or a short recession and a long one. Most economists say aiming 100 billion dollars in tax rebates at low and middle- income consumers is one of the strengths of today’s deal, because those Americans are likely to spend it and spend it soon.
A study of the last major tax rebate in 2001 showed that roughly two-thirds of consumers spent the money within six months. on our website, ABCNews.com, we asked people how they would spend a rebate now. There are so many ways that a rebate check would help, a woman from Griffin, Georgia told us. It could buy a month’s worth of gas and a month’s worth of groceries, said another in San Jose.
That kind of spending would help the economy, but viewers from Lincoln, Nebraska to Linville, Virginia told us they would use it to pay bills. Economists say Americans who use their rebate checks to pay bills or to save or invest may help themselves, but they won’t be helping the economy. As for the other pillar of the plan, a bid to boost business spending through tax breaks, some economists say it’s not as efficient as putting cash in consumers’ pockets.
What businesses most need right now are more customers, and without them they will be reluctant to ramp up spending even if they get a tax break along the way. Some economists say today’s plan leaves out what they argue is the most efficient way to goose the economy: extend unemployment benefits. People without jobs are almost sure to take the money and spend it on basic necessities.
One study says every dollar spent on unemployment benefits generates $1.64 in spending - the biggest bang for the stimulus buck by far, Charlie, and we may hear some more discussion about this one. All right. Betsy Stark, reporting tonight.
※ Deal * cut/make/reach/strike a deal (with someone): 거래를 맺다 . ex. We've cut a deal with Germany on wine imports. * a deal goes through (=happens as arranged): 거래가 성사되다 ex. We're 99% certain the deal will go through. * a deal falls through (=does not happen as arranged) ex. He nearly got the job but then the deal fell through. * get a good deal (on something) : get it at a low price ex. I got a really good deal on my new computer. ex. I've got a really good deal living at Sophie's house. * it's no big deal: 대단한 일이 아니다 ex. It's no big deal if you can't pay me back right now. * make a big deal (out) of something : 호들갑 떨다 (=behave as if it is very important) ex. I know he's done well in his exams, but I don't see why he has to make such a big deal out of it! * big deal : used for showing that you do not think that something is very good or impressive: ex. So she's got a part in the school play? Big deal! * it's a deal : 좋았어 . 대찬성이야 /used for saying that you agree to something * It's no deal! 그건 찬성할 수 없어요 ex. A: If you baby-sit my daughter for two hours, I'll give you a movie ticket. B: It's a deal. 좋았어 * a good/better/fair deal (for someone) : 좋은 / 나은 / 공정한 대우 ex. They are demanding a fair deal for nurses. * get a rough/raw deal (=be treated unfairly): ex. Disabled people had a raw deal under the past government.
※ what + 주어 + 동사 + (동사) 구문 ex. Researchers overseas have discovered what they say is a startling link to cancer.(해외 연구진이 놀랄만한 한 발암물질을 발견했다고 주장한다.) ex. Dr. Brigette Boisselier says the birth of what she says is the first human clone is part of a much bigger plan.(Brigette Boisselier 박사는 자신이 주장하고 있는 이 최초의 복제 인간 탄생은 보다 커다란 계획의 일부라고 말한다.) ex. How could this happen in what many argue is the strongest economy in American history? (많은 사람들이 미국 역사상 가장 견실하다고 하는 경제 상황에서 어떻게 이런 일이 일어날 수 있을까?) ex. These include what the State Department calls very aggressive counterintelligence operations against US interests in the region. (여기에는 이 지역에서 미국의 이익을 저해하는, 국무성의 표현에 따르면, 매우 공세적인 방첩활동도 포함된다 ) ex. We worked together and achieved what many considered (to be) an impossible project in an astonishingly brief amount of time. = We worked together and achieved what many regard as an impossible project in an astonishingly brief amount of time (우리는 함께 노력해서 많은 사람들이 불가능하다고 생각한 프로젝트를 놀랄 만큼 짧은 시간에 달성해냈다.)
point out : ~ 을 가리키다, ~ 을 지적하다 ex. He pointed out the best beaches on the map. 가리켰다 ex. Thank you for pointing that out. ex. He pointed out that we had two hours of free time before dinner. taxpayer : 납세자 boost : 밀어올림, 증진, 상승, (생산량 등의) 증대, 밀어올리다, 후원하다, 밀어주다, <생산량을> 증가하다 enact : <법률을> 제정하다 * enactment : (법의) 제정 slowdown : 감속, 경제 둔화, 경기 둔화 * slow down : 속력을 늦추다, 속력이 떨어지다, (경제가) 둔화되다 recession : 불경기, 경기침체 tax rebate : 세금 환급 * tax break : 세제혜택 = tax benefit / * income deduction 소득공제 / * tax credit : 세액공 제 / * tax relief 세금감면 ( 혜택 ) / * tax return 세금 신고 ( 서 ) / income tax return 소득세 신고 ( 서 ) rebate : <지불한 금액의 일부를> 환불하다, 리베이트를 주다, 리베이트 ex. He rebated five dollars to me. 그는 내게 5 달러를 환불해 주었다. middle-income : 중산층의 * low- income : 저소득의, 저소득층의 * upper-income : 고소득층의 deal : 거래, 협정, 담합, 뒷거래 [메모 참고] worth : (얼마) 어치 ex. one dollar's[two dollars'] worth of candy 1 달러 [2 달러] 치 캔디 ex. two days' / 12 hours'etc worth: They've produced five hours' worth of videos showing the glories of Scotland. as for : ~ 에 대해서 [관해서](라면) (= when it comes to~ , speaking of~, concerning~ )/ used for introducing a subject that is related to what you have just been talking about ex. As for the children, they were happy enough to spend all day on the beach. pillar : 기둥, 중심 인물, 중심이 되는 것 bid : 입찰, 노력, 시도, 시도하다 / If you bid for something or bid to do something, you try to obtain it or do it. ex. I don't think she is bidding to be Prime Minister again. * bid for: Two people were bidding against each other for the mirror. * bid for: Several contractors bid for the job. 몇몇 도급업자가 그 일에 입 찰했다 . reluctant : 마음 내키지 않는, 꺼려하는 ramp up : <주가를> 끌어올리다 / bolster or strengthen tax break : 세제혜택 = tax benefit along the way : 길을 따라, 도중에, 와중에 leave out ~ : ~을 빼다, 삭제하다, 무시하다 ex. We decided to leave the chapter out of the book altogether. ex. She feels left out because the other children don't play with her. goose : 거위, (놀라게 하기 위하여) 궁둥이를 쿡 찌르다, 자극하다, 활 력을 넣다 unemployment benefit : 실업 수당, 실업급여 be sure to ~ : 반드시 ~ 하다 necessity : 필요성, 필수품, 불가결한 것(opp. luxury) ex. A car is a necessity in this town. ex. daily necessities 일용 필수품 ex. the bare necessities (=the basic things that everyone needs): They lacked even the bare necessities of life. bang for the[one's] buck : 쓰는 돈[투자]에 부합되는 가치[서비 스, 물건] (value in return for your money ) ex. They're very careful when they spend money, and they're going to insist on getting the most bang for their buck. stimulus : 자극, 자극물 ex. give a stimulus to ~ ~ 에게 자극을 주다 buck : 수사슴, (순록·영양 ·토끼 등의) 수컷, 달러, (포커에서) 다음에 카드를 돌릴 사람 앞에 놓는 패, [the buck] 책임 * pass the buck to a person~ ~에게 책임을 전가하다 ex. Don't pass the buck. * make a fast/quick buck : to make money quickly and often dishonestly ex. These companies are just out to make a fast buck. * the buck stops here/with someone : The buck stops with the players, not with the manager or anybody else.