Brace for More of the Same in 2009, Experts Warn

In addition to a financial package to stimulate consumer spending, Ullman called for the passage of periodic sales tax holidays. He argued that these events — which could take place three times a year, for short durations (e.g., 10 days each) — would help stimulate demand. The states will be reimbursed by the federal government for the lost revenue generated by sales taxes.