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Tax Foundation

Florida offering tax `holiday’ for back-to-school shoppers

in Statewide/Top Headlines by

With computers returned to the discount list, Florida retailers are readying for back-to-school shoppers this weekend during the state’s sales-tax “holiday.” The holiday, which will run Friday through Sunday is a large part of a tax-cut package (HB 7109) that lawmakers passed this spring. The package is projected to provide $91.6 million in tax breaks during the budget year that started July 1.

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Ted Cruz adds to GOP divide on how best to overhaul tax system

in 2017/Top Headlines by

In proposing the U.S. adopt a flat tax coupled with a levy similar to a European-style value added tax, Texas Sen. Ted Cruz is contributing to a division in the Republican presidential field. Some simply want to cut existing rates. But others — Cruz among them — suggest scrapping the nation’s tax code entirely and starting over from scratch. All the tax plans released by the Republican candidates to date would starkly reduce the amount of money Americans and U.S.…

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