April 8, 2022

Economists deride Florida sales tax holidays as a gimmick with little benefit

Jeffrey Schweers writes:

"TALLAHASSEE — The Legislature last month unanimously approved $1.1 billion in tax breaks over the next two years that lawmakers say are aimed at easing the tax burden on average Floridians.

But economists across the board debunk them as politically popular, feel-good gimmicks that sidestep meaningful and lasting tax reform and provide negligible relief or savings.


Retailers may also increase prices to capture savings or water down promotions to take advantage of a spike in shoppers during tax holidays, said Esteban Leonardo Santis, policy analyst with the Florida Policy Institute. [emphasis added]"

Read more at orlandosentinel.com

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