Institute on Taxation and Economic Policy: Sales Tax Holidays Are Outdated Gimmicks That Have Run Their Course
July 17, 2019
July 17, 2019
WASHINGTON, July 17 -- The Institute on Taxation and Economic Policy issued the following news release:
Nearly 40 years ago, lawmakers in Ohio and Michigan sought to give the automobile industry a boost by exempting car purchases from sales tax. There's no definitive research on whether this temporarily boosted carmakers' fortunes, but research abounds on how the industry struggled throughout the 1980s as it faced a recession, shifting consumer preferences and competition from Japan . . .
Nearly 40 years ago, lawmakers in Ohio and Michigan sought to give the automobile industry a boost by exempting car purchases from sales tax. There's no definitive research on whether this temporarily boosted carmakers' fortunes, but research abounds on how the industry struggled throughout the 1980s as it faced a recession, shifting consumer preferences and competition from Japan . . .