Categories: Uncategorized

Don’t fret the lack of a sales tax holiday

Apparently it is a big problem in Louisiana that there are no more sales tax holidays for the next seven years. We wrote a story about it last week, and the Advocate of Baton Rouge led their edition Monday with a story about how the sales tax holiday removal was an inadvertent mistake.

I find it interesting that there is such an outcry over a savings of 5% or less. If any retailer were to run a 5% off sale, no one would show up. However if you call it a “sales tax holiday,” it turns into quite the busy shopping day.

There is something psychologically satisfying about not paying taxes versus a real discount.

With the elimination, at least temporarily, of the state sales tax holidays, retailers have a wonderful opportunity before them.

Smart retailers could and should have a special sale during the times that were normally reserved for sales tax holidays. Then, they should make a big deal out of it.

If the intent of the sales tax holidays are to 1. Help those that need to make very specific purchases. And, 2. Spur economic activity in retail, that can be accomplished without the help of the state.

Retailers can offer much bigger discounts in lieu of a sales tax holiday and cause shoppers to react.

This weekend is typically the time in which a back to school sales tax holiday would take place. With no sales tax holiday, retailers in Minden and beyond need to offer great discounts and incentives and advertise them just as if there were a sales tax holiday.

Let’s turn this potential he negative news into a big win for our economy.

David A. Specht Jr. is Editor and publisher of the Minden Press-Herald.

David Specht

Recent Posts

  • Sports-Free

2019 MPH All-Parish Softball Team

MVP - Laney Taylor , Lakeside High School Taylor did it all for a Lady Warriors team that was the…

5 hours ago
  • Sports-Free

2019 MPH All-Parish Baseball Team

MVP - Camron Dollar, Minden High School Dollar was about as close as you could get to a consensus MVP…

5 hours ago
  • News-Premium

MPD Chief Cropper asking for resignations in wake of racist posts

In the wake of a social media firestorm ignited by racist posts allegedly made by two Minden police officers prior…

6 hours ago
  • News-Free

State House passes gun control bill

By Tryfon BoukouvidisLSU Manship School News Service BATON ROUGE -- The Louisiana House on Tuesday passed proposals that would expand…

6 hours ago
  • Life-Premium

Life is so much more interesting when you have someone to share it with

Tina Specht As I sit and reflect on this past month, I sit in awe that time is flying by…

6 hours ago
  • E-Edition

05-23-2019 Minden Press-Herald e-Edition

The electronic edition of the Thursday, May 23, 2019 Minden Press-Herald.

6 hours ago