Whatever impact it has on revenue, sales taxes are regressive. They tax a greater portion of a poor person's income than a rich person's. The holidays are a great time for it too. Unless targeted at and specifically utilized to remedy economic bads (eg taxing cigarettes to pay for programs to help people quit), any reduction or suspension of a sales tax is a good thing.
http://www.courierpostonline.com/article/20081014/NEWS01/81014005
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