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Article: RETAIL FEDERATION ASKS OBAMA FOR 3 SALES TAX HOLIDAYS IN 2009 TRADE GROUP'S REQUEST COULD COST TREASURY $20 BILLION.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- January 6, 2009
- Author:
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Byline: ANDREA JAMES P-I reporter
Add retailers to the list of businesses requesting government help.
The world's largest retail trade group, the National Retail Federation, is asking President-elect Barack Obama to consider providing three sales tax holidays in 2009, which would cost the federal government at least $20 billion.
Each holiday would last 10 days and allow consumers to shop tax-free for most types of goods, including automobiles, home furnishings, restaurant dining and apparel, but excluding tobacco and alcohol.
The National Retail Federation sent its proposal to Obama on Dec. 23, and the chief executives of J.C. ...