Add the National Taxpayers Union (NTU) to the growing list of organizations supporting a proposal to slash the state sales tax in half on all products sold between the day after Thanksgiving and January 4th. A copy of their letter to members of the New Jersey legislature is available here.
Within the letter, the NTU cites many of the same reasons CIANJ did when announcing its support for the proposal last week. From NTU's statement,
The proposal will save consumers between $400 million and $500 million during that time -- not an inconsiderable amount. This is because unlike most holidays, which tend to allow tax-free shopping on limited classes of items over a few days, the New Jersey plan has both breadth and depth. Ideally, the state would rescind the unwise sales tax increase enacted in 2006, but at least with this holiday taxpayers would be able to save money on numerous purchases for a comparatively long period.
To that, we would add the competitive advantage New Jersey companies would have over their peers in neighboring states. It is why the list of supporters includes multiple organizations that represent small businesses, many of which cannot afford a slow holiday shopping season.
