Political Quotes

Bobby Scott: “So it is one of the most effective things. If you put $1 into unemployment compensation, economic activity is about…”

On the recordNovember 30, 2012
So it is one of the most effective things. If you put $1 into unemployment compensation, economic activity is about $1.55. If you give a $1 tax cut on dividends, the economic activity is about 15 cents because the people getting that benefit will just spend what they ordinarily spend. They may pay off a credit card, they may save some money, but they're not going to spend the money. You want the money in the hands of people who will actually spend it if you want the economy stimulated.
Said by
Bobby Scott
Democratic · Virginia
Source
govinfo.gov
Nov 30, 2012

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