Senators Patty Murray (D-Wash.) and Olympia Snowe (R-Maine) introduced legislation to kick off the holiday shopping season with 10 days of tax-free shopping, beginning the day after Thanksgiving. Under their plan, the federal government would reimburse states for uncollected sales tax revenues between November 23rd and December 2nd.

Read about it here: http://www.senate.gov/~murray/releases/01/...2001A31725.html

 

here in NJ we always have tax free shopping on clothing all the time

one good thing about the garden state

 

Swurvydel,

yeah you're right about the tax free clothes shopping but your state gov't plays such a "big brother" role in regulating utilities, insurance, and other civil services that NJ is one of the only states in the union to have companies force themselves to have individualized business models to provide service to citizens.

For example, Allstate Insurance doesn't offer any insurance products to NJ, they infact, spun off another company called ANJ (stands for for Allstate New Jersey) to offer insurance. ANJ has it's own officer structure, employee base, and such forth....this state specific "restructure" costs alot of money, which is then passed off to the customers that reside in NJ. That's one of the many reasons auto insurance is the highest (dollar for service) in NJ.

In the long run, I'd rather pay the sales tax than pay the premiums, which in turn are raised in ratios...the higher the premium, the higher the raise in premium when adjustment periods come out.

 

what's auto insurance? =)

 

I read about this in the newspaper a few days ago. I thought it was a great plan and would definitely help spur the economy. However, there are some drawbacks, mainly keeping track of how much tax revenue that each state should be reimbursed for. Of course, some states like our friend from NJ do not have any sales tax. That in itself produces a problem.