Sales Tax Holiday in Massachusetts; Many Want it in Rhode Island, Too!
People were already streaming into the Cardi’s Furniture store in
“Whenever you get excitement about a product – whether it be about a news product; whether it be about a retail product – any product is a wonderful thing. It really focuses people on buying this weekend and that’s a great thing,” said Peter Cardi of Cardi’s Furniture.
Since the sales tax holiday only applies in
But down the road, it would like the ocean state to have a sales tax holiday, too.
ABC6 Chief Political Reporter Mark Curtis said, “Critics say that having a sales tax holiday weekend In Rhode Island, would simply be too costly. That in an average two–day period, the state takes in about 5 million dollars in sales taxes.”
But tax cutting advocates say in the long run, people will buy more, and that means the state will take in more money.
“You find that with most sales tax cuts, you pay back about two–thirds of the lost revenue through increased economic activity,” said Mike Stenhouse from the
And shoppers we spoke with agree.
“Yeah, I would go out and buy more stuff that you usually pay tax on.” Q: So you think it’s a good idea?
“Yeah, it’s a great idea,” said shopper Petra Anderson, outside a