Monday, February 28, 2011

Coupon Tax?!

While browsing the Hartford Courant website I came across an article about a new proposed coupon tax. This is part of Governor Dan Malloy's plan to overcome the Connecticut budget deficits. He wants to make it so that even if we buy an item at a discounted price, we pay tax on the original price. I don't think it's fair to charge more sales tax on sale items that people search for in weekly circulars.

Families that are searching for deals and clipping coupons are doing their part to save money. These families know how to keep a budget. Connecticut should forget about the coupon tax and instead hire some of these coupon clipping individuals to come up with some better ideas to get Connecticut out of debt.

On top of the stress that would be put on people trying to scrimp and save, this would affect retailers big time. Shoppers smart enough to clip coupons are also smart enough to buy their products online as soon as they can't get discounts in retail stores in their home state. This plan can backfire.

The Courant article also mentions that Malloy cannot just make this change instantly, he needs to first change Connecticut state law. So that is comforting.

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