During appearances Wednesday in Green Bay and Milwaukee, Gov. Scott Walker will announce a sales tax holiday on school supplies that he will propose in his 2017-’19 budget bill in February. The proposal will need legislative approval, but Assembly Republicans were already set to push for a similar proposal in a separate event earlier scheduled for Wednesday.
That proposal would have decreased state tax revenues by $13.2 million a year and local government tax revenues by $952,000 a year. That would amount to a cut of just one-quarter of 1% of the $5.06 billion in sales tax revenues last year.
I remember when these became the rage across the South. As a consumer, it’s kind of nice to save a few bucks and many stores use the occasion to have promotions and such, but it’s gimmicky. I would prefer real tax reform, but I’ll take it.