Washington Times: Oklahoma Retailers Expect Soaring Sales on Sales Tax Holiday
media mention“The bottom line is that whatever policy goal you want to achieve through a sales tax holiday, there are probably better ways to achieve those goals,” said Matthew Gardner, executive director at the Institute on Taxation and Economic Policy.
Gardner said sales tax holidays provide no long-term tax relief to consumers. The institute believes greater tax fairness would be achieved with a permanent refundable low-income sales tax credit or Earned Income Tax Credit to offset the impact of the sales tax on low- and moderate-income taxpayers.’