Canton Repository: Tax-Free Days Give Shoppers a Break
media mentionA 2013 analysis on the impact of a tax holiday in Ohio by the Economics Center at the University of Cincinnati found that while retail sales would increase close to 5 percent in the month of a tax holiday, that increase would be offset by losses in sales in other months, like July and September, when that money is traditionally spent. Other think tanks question how much even consumers — especially low- and moderate-income families — realize in savings.
For example, a recent report by the Institute on Taxation and Economic Policy says in the long run tax holidays have a minimal impact on families and regressive sales taxes are left intact.