Jul 31 2008
Michael Widmer, president of the non-partisan Massachusetts Taxpayers Foundation, said that sales tax holidays give the impression of jumpstarting the economy while actually costing the state valuable revenue. He said the proposal is especially risky this year with the state facing a projected deficit of about $1 billion. "They're politically popular because they give the illusion of doing something to help the economy," he said. "When citizens are feeling pressure from escalating food and energy costs, which the Legislature can't really control, this is something they can do."