Spend a lot, save a little | Arkansas Blog

Spend a lot, save a little

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I'm a skeptic about sales tax holidays as economic stimulus. Maybe they have some marginal benefit in border towns (as if Texarkana needs more tax breaks) with major retail centers nearby that have well-publicized existing sales tax holidays. But I'm thinking the person who loads up the SUV to drive from Little Rock to Memphis to save the sales tax on T-shirts and jeans for school is maybe not making a wise consumer decision. In short, you don't inflate demand for underwear by cutting taxes on underwear and the drain out-of-state currently isn't much.

But I don't know. Such a bill moved out of a House committee today.

ALSO TODAY IN THE HOUSE: Rep. Fred Allen's bill to restrict sale of authentic-looking toy guns passed on its second go-round, 55-38.

From the ArkTimes store

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