Yes. The difference is in how it is perceived, but in an economy, perceptions actually matter. If you give a tax credit to the rich, the poor don't perceive i

Yes. The difference is in how it is perceived, but in an economy, perceptions actually matter. If you give a tax credit to the rich, the poor don't perceive it as a tax on them even though the strict monetary effect is the same in both cases i.e. a wealth transfer from the poor to the rich. But because the poor don't perceive rich tax credits as a tax on them they are less likely to object.