, Newburyport, MA


June 16, 2014

Editorial: Sales tax holiday conceals need for real reform


Retailers love the sales tax holiday. In 2012, merchants racked up $330 million in sales.

But according to a report from the Tax Foundation, a Washington-based public policy think tank, sales tax holidays actually do little to stimulate new economic activity. Consumers merely put off planned purchases until the holiday weekend to reap the tax advantage.

“Political gimmicks like sales tax holidays distract policymakers and taxpayers from genuine, permanent tax relief,” the report states. “If a state must offer a ‘holiday’ from its tax system, it is a sign that the state’s tax system is uncompetitive. If policymakers want to save money for consumers, then they should cut the sales tax rate year-round.”

Given a choice between a sales tax holiday and letting lawmakers extract another $24.6 million from our wallets, we’ll take the holiday every time.

But we’d rather see a real policy debate over the relative economic advantages and disadvantages of the sales tax. Sadly, that kind of political courage or forward thinking just doesn’t exist on Beacon Hill.

Text Only | Photo Reprints

NDN Video
'Hunger Games: Mockingjay Part 1' Sneak Peek GMA: Dog passes out from excitment to see owner Chapter Two: Designing for Naomi Watts Baseball Hall of Famers Inducted Florida Keys Webcam Captures Turtles Hatching Morgan Freeman Sucks Down Helium on 'Tonight Show' Robin Wright Can Dance! (WATCH) She's Back! See Paris Hilton's New Carl's Jr. Ad Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years
Special Features
NRA Waterfront Plans