Here's your tax credit -poof- oops it's gone. In fact, send it back next year and if somehow you didn't notice that you didn't estimate your taxes enough - expect a penalty, with interest 1.5%. A six times higher rate than you get by keeping that money in a passbook savings account .
But taxpayers who calculate their withholding so they get only small refunds could face an unwelcome tax bill next April, said Jackie Perlman, an analyst with the Tax Institute at H&R Block.
"They are going to get a surprise," she said.
Not too "stimulating" an effect I would say.
The refunds and better tax rates for familiers under $190,000 stop at the end of next year anyway and then it will be time to ramp up the tax tables to pay for this Spring's Spendulus Fling.