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The idea is to provide immediate cash infusions, ample scope for private funds to flow into the recapitalization of banks, and at the same time allow the battered U.S. Treasury to recover a taxpayer return.
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The new law also requires that substantiating documents be submitted with a taxpayer's return, meaning that it must be filed by paper, not electronically.
It reflects a $100 million investment from all sources, with the lowest public cost and highest taxpayer return of any major renewal project in the Pittsburgh region since the 1950s.
Objections include the fact that the McCain plan seems inefficient in terms of both taxpayer return and moral hazard.
Taxpayer return?
The study was based on an analysis of Internal Revenue Service data on taxpayer returns from companies across a variety of industries.
But it's not entirely clear what will happen in each of the states that do not recognize same-sex marriage, experts said, since some states require that a taxpayer's state return filing status mirror their federal return.
Under Obama's plan, mortgages provided by private-sector lenders that are bundled into securities and sold to investors could obtain a taxpayer guarantee in return for a fee, according to the White House.
Do we look like we're afraid to prosecute anyone?" Bharara walked me through the decisions of a prosecutor, using the example of a taxpayer filing false returns.
And the I.R.S. substitute is not used when a taxpayer has filed a return but the agency believes that he or she failed to report some income.
They have to be made when a taxpayer files a state tax return.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com