Sales Tax Holidays: Politically Expedient but Poor Tax Policy
Sales tax holidays - political gimmicks that divert attention from the real revenue issues that need to be addressed - may be popular, but it takes courageous leadership to steer the economic and political conversations back on track.
Sales tax holidays introduce unjustifiable government distortions into the economy without providing any significant boost to the economy. They represent a real cost for businesses without providing substantial benefits. They are also an inefficient means of helping low-income consumers and an ineffective means of providing savings to consumers. [Summary Study: Tax Foundation]
in