“Can a people tax themselves into prosperity? Can a man stand in a bucket and lift himself up by the handle?” –Winston Churchill, Speech at the Free Trade Hall, Manchester, England (1904)
Many are calling yesterday’s healthcare ruling upholding Obamacare as a “tax” the largest tax-increase in history. It may very well be that, if implemented, by the end of this decade we will look back on Obamacare and its bureaucracy and see that it certainly was the largest tax-increase in U.S. history. However, Politifact.com is reporting that, at the very least, Obamacare is the largest tax-increase in two decades.
Over at The Arkansas Project, blogger David Kinkade assesses the impact of the “Amazon Sales Tax,” which was passed by the legislature and signed into law by Gov. Beebe earlier this year. Read his analysis by clicking here.
A bill creating a back-to-school tax-free holiday has passed the Arkansas House Revenue and Tax Committee.
HB1369 designates the first Saturday of every August as a tax-free holiday for back-to-school items. People purchasing clothes and school supplies would not pay sales tax on that day—except on single articles of clothing (such a single shirt or pair of shoes) costing more than $100, or single clothing accessories (such as a purse) costing more than $50.
This bill will help alleviate some of the financial burdens families face when shopping for educational supplies each year.
Please call your State Representative, and ask him or her to vote FOR HB1369, the bill to create a back-to-school tax-free holiday. You can leave a message for your Representative at the Capitol Building by calling (501) 682-6211.