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Lessons from the 2001 Tax Rebates

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Lessons from the 2001 Tax Rebates

Analysis

Lessons from the 2001 Tax Rebates

Lessons from the 2001 Tax Rebates

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Jason Furman, senior fellow and director of The Hamilton Project at Brookings Institution, talks about the studies done on how consumers used their 2001 tax rebates and how effective they were in stimulating the economy.

He says that even the lowest estimate of how much of the rebate was spent was enough to help the economy, but if checks had been sent to poor people who don't pay taxes, the positive effect on the economy would have even been more significant.

Furman talks with Melissa Block.

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