Burr Lays Out His Own Economic Stimulus Plan

Senator Richard Burr has offered an economic stimulus plan that he said is designed to boost spending by encouraging the states to hold sales tax holidays in April.

The North Carolina Republican introduced a bill in Congress that
would establish a sales tax holiday from April 4th through the
13th.

The states who suspend collection of their sales taxes during
that period would get 60 percent of their lost revenue reimbursed
by the federal government.

Burr said Tuesday that the proposal is an alternative to rebates
being supported by President Bush and the congressional leadership.
He said it would provide a boost to small businesses and an
incentive for consumers to shop.

In North Carolina, the Legislature would have to meet in special
session to approve the tax holiday.


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