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Would Sales Tax-Exempt Shopping Days Make a Difference?

Retailers are writhing from a rough year and are now hoping for their own kind of bailout. Their proposition doesn't exactly come out and ask the government for a sum of cash, but the federal government would essentially be flexing its money muscle.

According to The Wall Street Journal, The National Retail Federation (NRF) has proposed three periods of sales tax-free shopping in March, July and October 2009 that would each last 10 days. The NRF estimates the arrangement would save consumers about $20 billion ($175 per family). Because states would lose out on much needed sales tax revenue, the proposal includes a catch: The federal government would reimburse the states for money lost, and even states without sales tax would receive some federal money.

The NRF believes these measures would revive consumer confidence at a time when it's the lowest it has been in decades, and therefore ignite much needed spending. Do you think the tax-exempt shopping days would make a difference?


snarkypants snarkypants 8 years
heck yeah. i'd be in chicago for every one of these. their sales tax is ridiculous!
bengalspice bengalspice 8 years
Tax Free days in NY have always been awesome for shopping. My family tends to shop more on those days than any other days.
Meike Meike 8 years
Let's see... most products in the U.S. aren't made in the U.S. So, nope. Given the big picture, it won't help the American economy even if people spend more. The U.S. needs its primary and secondary sectors (material extraction & manufacturing) to become stronger for the economy to get stronger. We can't purely be a service giant. If all countries decided to stop imports/exports with America, we'd definitely find ourselves in more of a sore spot that we are now.
soulight soulight 8 years
I live in PA so we never pay a sales tax on items like clothes so it wouldn't really affect us, but I see how crowded the outlets with people from different states and even Canada so it makes me think it would have a positive effect on those states like New York that already taxes. It may have a negative impact on my state though because it wouldn't be necessary to travel to PA anymore.
lillianJulia lillianJulia 8 years
I think that it would really only make a difference on big ticket items, small purchases ($10-$50) probably will not see an increase in sales.
krae85 krae85 8 years
I would shop on the tax days, it'd be less crowded!
sweetpeabrina sweetpeabrina 8 years
I'm not sure about it. It depends on what goods are tax exempt. With the "holidays" here, it's only on clothes, school supplies, and computers all of which were exempt up to a certain amount. If they were to extend it to groceries and big ticket items, maybe more people would participate. Also, if stores would offer sales in conjunction, I know I would start shopping on those days. Plus - how much is sales tax? 6%? 7%? Most people don't care about that little amount. If you spent $100 on clothes, you would only save $6 or $7. What's that? A 3 pack of socks?
ilanac13 ilanac13 8 years
no - to be honest, i don't think that it would impact my shopping habits right now. i think that there's some benefit to it, but personally i don't have the $$ to do or not
WeTheLiving WeTheLiving 8 years
I said maybe. In Texas, we also have a tax free weekend right before school and it's a really big shopping weekend. But if there were multiple ones, I probably wouldn't go to both. And with the economy still so bad, it may not help. (Smart) People don't want to spend a bunch of money they don't have or may not have soon.
mlen mlen 8 years
same- i'm in NJ so it wouldn't effect me much. maybe i'd hit up nyc for some shopping but that would more depend on if i have any spare money lying around!
TidalWave TidalWave 8 years
I don't know if it is the solution but people will shop more. The tax-free weekend in NY before school was awesome! I remember we would always go out to the mall during that. Since every day is a salestax-free day here in NJ, it wouldn't affect me much.
mondaymoos mondaymoos 8 years
Agreed. All these ideas they're firing off aren't going to help consumer confidence. It took a good amount of time to get us into the mess, and it's not going to get patched up in a few weeks.
RosaDilia RosaDilia 8 years
No, I don't think this will help. If the economy continues the way it is people are still less likely to spend.
Truebri Truebri 8 years
This is like robbing Peter to pay Peter.
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