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!"