Tax Holiday Proposal Both Too Big and Too Small

Summary


There are two major problems with the House Republican proposal to have a sales tax "holiday" over the Memorial Day weekend to encourage spending and stimulate the economy.

The tax break is too little - and it's too large.

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Extract


Tax Holiday Proposal Both Too Big and Too Small

The proposal calls for the tax holiday to be in effect from 12:01 a.m. May 23 through 11:59 p.m. May 26.

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