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Sales tax holidays may not help as much as you think

They’re not as effective as you think they might be. When we do the research and look at who utilizes the sales tax and what kind of relief they provide, they don’t actually promote economic growth or increase purchases by consumers, or provide targeted tax relief the way that we might expect. So, they do cost the state in terms of revenue that they’re not collecting.

Source: news.wjct.org

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