23 November 2005

Wanna hear a good joke? Did you hear the one about Louisiana's Sales Tax Holiday?

Regarding the Tax Holiday we just passed to "stimulate some retail activity" to quote Adam Sandler on SNL "Who are the ad wizards that came up with this one?"

WOW! Thanks Blanco. I hope Southern Louisiana doesn't choke on that bone you just threw us." Thanks for giving us a WHOLE 4% off our sales taxes for three whole days. That should stir up some needed retail activity for Louisiana small businesses...wait, isn't it taking place DURING THE SECOND BUSIEST WEEKEND IN THE RETAIL YEAR? WOW, talk about stirring up the economic pot! Take a page from Texas for crying out loud. They have total and complete suspension of sales taxes the week before kids go back to school... in August when retailers are desperate for customers. Talk about a nice shot in the arm for revenue for retailers in Tejas and hey...guess what they're going to do with their replacement merchandise? Pay taxes on it! A little vision would be nice right about now. I heard Jay Dardenne on thr radio going on how the Tax Holiday bill is pretty much a joke. Way to generate business for Louisiana Blanco. Bravo!

Also, with all the clauses and conditions thrown into this bill it reminds me of the scene from "The Jerk" when Steve Martin was going through the gifts you can win..."The eraser but NOT the chicklets"


At November 23, 2005 2:47 PM, Blogger John Blutarsky said...

Al, I don't think it's 4% off our sales tax but rather a suspension of the 4% State Sales tax.

Also, think the purpose of the suspension of the tax is not to stimulate the economy but to help individuals that are suffering financially from the storms. Although, I have some doubts about how much a 4% savings can help. Let's say I spend $1000 this Christmas and I do all my shopping in those three days. That means that I've saved a whopping $40. It helps a little but come on, it's a drop in the bucket compared to what I just spent. And isn't the state going to need money to pay back the 3.7 Billion dollar bill that FEMA is about to send Louisiana. Blanco is potentially losing millions of dollars in tax money that the state normally would need to balance it's budget.

So, I do agree that this Tax thing is a joke, a PR stunt to help her and the state legislature look good. It does very little to help the common citizen and a lot less for the state.


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