Mobile
Tuesday, December 30, 2008
News Do you love those tax-free holidays?
Posted By Kimberly Lawson on Tue, Dec 30, 2008 at 9:51 AM
The Wall Street Journal reports that the country's largest retail trade association, the National Retail Federation — why do I think of wrestling when I say that aloud? — is trying to get in on Obama's upcoming economic stimulus package. They have asked that a series of sales tax-exempt shopping days be added to the stimulus package to boost consumer confidence and spending.
The National Retail Federation called for three periods of sales tax-free shopping that would last 10 days each in March, July and October 2009. The trade group estimates that it would save consumers about $20 billion, or $175 per family.
I personally think it's a good idea. People just aren't spending the money needed to boost the economy back up. With tax holidays, people are more likely to get out and make those big purchases — after all, everyone loves saving money. In fact, many people will buy merchandise at a lower cost JUST BECAUSE it's offered at a lower price. How many times have you heard someone, or even yourself, say, "I just had to buy it. It was 50 percent off!"
Speaking of...
Latest in Klepto Blog
-
Resilient glassmaker Melissa Beard's jewelry line shines
Jan 18, 2013 -
Styleacope: Scorpio
Nov 19, 2012 -
Bowling lanes are made for fashion shows
Nov 9, 2012 - More »
More by Kimberly Lawson
-
Two Former 'CL' Editors Discuss the Hurdles of Increasing Diversity
Apr 26, 2017 -
See ya later, Charlotte
May 27, 2015 -
Picky eaters need not join
May 27, 2015 - More »
-
All About Style: Checking out the new Blush Boutique
A visit to the South End boutique yields great finds for women.
