Main Street: Sales Tax Holidays: Bargain or Rip off?
media mentionBy Hal Bundrick
The Institute on Taxation and Economic Policy (ITEP) finds another fly in the sales tax holiday ointment.
“One popular rationale for sales tax holidays is that they increase local consumer spending and boost local retail, but this has not been demonstrated,” ITEP says. “Rather, increased sales during sales tax holidays have been shown to be primarily the result of consumers’ shifting the timing of their planned purchases.”