prebate

prebate
 n.— «Because poorer people tend to spend a greater share of their income than the wealthy, economists generally consider sales taxes as regressive. The proposal would buffer that burden by pairing the new tax with a system of monthly payments to individuals and families, which the legislation refers to as “prebates.”» —“Huckabee candidacy fueled by stand on tax” by James O’Toole Post-Gazette (Pittsburgh, Pennsylvania) Dec. 9, 2007. (source: Double-Tongued Dictionary)

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Further reading

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