A tax is a penalty. This would hurt people who utilize these transactions.
It is an intriguing idea to tax, in any way, welfare benefits, as these are not normally taxable.
I am generally for making all welfare redefined as “reportable income.”
No. This would primarily hurt middle class people.
People on welfare, unemployed people earning no income - they pay no income tax.
The tax would hit people with money who are drawing social security and who have medicare.
As someone who grew up in the welfare system - I am generally all for making welfare extremely limited. Limit the duration to maybe 3 years in a person’s lifetime. If used, you lose the right to vote for 20 years.
I don’t see much point in taxing it. That just adds a layer of paperwork shuffling.