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Cost of Rebate Checks Could Be Counterproductive

Cost of Rebate Checks Could Be Counterproductive

IRS employees haven't had the chance to be bored at work since the economic stimulus plan was announced this year. The IRS fielded six times the call volume during the week of May 24 than the same week last year, which meant extensive waiting time for callers.

A new report from the Government Accountability Office makes it clear that any consumer spending resulting from the checks may be outweighed by expensive processing and administration costs of the checks. Nothing says efficiency like spinning in circles, but at least the checks gave us some temporary relief from ever increasing gas prices.

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