It’s that time of year. The State of New Mexico is granting the masses a GRT break — but only if they purchase the right things.
As the Tax Foundation documented, “16 states will hold a sales tax holiday in 2017,” covering everything from clothing to school supplies, firearms to air conditioners.
New Mexico’s GRT timeout “begins at 12:01 a.m. on August 4, 2017 and concludes on August 6, 2017 at midnight.” Here’s the ludicrously long list of taxable and nontaxable items.
How can anyone be opposed to lower taxes? Well, the Tax Foundation makes a persuasive case that “sales tax holidays are based on poor tax policy and distract policymakers and taxpayers from real, permanent, and economically beneficial tax reform.” Their value as a “stimulus” is chimerical, they may not offer much of a boost to consumers, and how, exactly, is government qualified to decide what goods are deserving of exemptions?
Last year, Errors of Enchantment proposed a “right-left alliance, aimed at permanently killing the useless gimmick that is New Mexico’s annual GRT holiday.” We’re still willing to give it a shot. Any takers?