Card Hub: Ask The Experts: Are Sales Tax Holidays A Good Idea?
Bill Fox, director of the UT Center for Business and Economic Research, spoke with CardHub about sales tax holidays in states and whether they’re effective. Fox noted that the holidays tend to be more beneficial to businesses than to consumers. Businesses often see more traffic in their stores and may even raise their prices a little. Because businesses are less likely to have sales during a tax holiday, consumers may not see much of a lower price. Read the full story here.