WASHINGTON–The National Retail Federation today told the Senate that the economic stimulus legislation under consideration fails to do enough for consumers, and reiterated its call for a series of national sales tax holidays it believes will jump-start spending.
“While the legislation currently under consideration includes a number of provisions designed to produce long-term economic growth and job creation, we are extremely concerned that it does not do enough to immediately stimulate consumer spending or to preserve the tens of millions of jobs that consumer spending supports,” said Steve Pfister, senior vice president of the NRF, in a statement. “We believe national sales tax holidays would be a powerful and cost-effective tool to achieve that goal. Long-term economic stimulus is critically important, but immediate economic stimulus is absolutely essential.”