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Old 08-07-2010, 10:01 AM
 
7 posts, read 7,504 times
Reputation: 14

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Quote:
Originally Posted by Bosco55David View Post
Yeah, but if the city loses out on the tax revenue, it's kinda pointless isn't it?

While you do lose the tax revenue on some items, other items are not tax free and you are also drawing in people who would not have otherwise come into your state/community to shop. So anything they buy that is not tax free is a bonus.

On a development side, the one weekend "shot in the arm" of receipts at local stores can significantly boost overall sales numbers giving already present retailers incentive to build new facilities or hire more employees. It can also make an area look more attractive to retailers who are looking to open a new location in the area.
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Old 08-07-2010, 01:18 PM
 
Location: Grand Island, Nebraska
736 posts, read 1,663,742 times
Reputation: 327
Quote:
Originally Posted by rezfreak View Post
Council tucky probably does all that stuff to further convince people to come over the river. I sure as hell wouldnt live there.
It is not just the City of CB, it is the whole State of IOWA that is in a tax free weekend.

The City of Council Bluff has really come around in the past few years. OWH just had a piece on the 3.5 million dollars bridge sclupture that is goin up now. Looks pretty cool.

CB is looking good to a lot of people.
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Old 08-07-2010, 01:49 PM
 
Location: Omaha, NE
1,048 posts, read 2,138,104 times
Reputation: 220
Do you actually save any money? Or do the retailers mark their stuff up?
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Old 08-07-2010, 02:20 PM
 
1,072 posts, read 2,307,933 times
Reputation: 943
Quote:
Originally Posted by pheaton View Post
Do you actually save any money? Or do the retailers mark their stuff up?
I can't speak for CB, but where I live it seems that retailers actually compete and mark things down. They know everyone is going to be out shopping that weekend so there are a lot of sales.
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Old 08-07-2010, 02:25 PM
 
Location: Omaha Nebraska and dreamland when I am sleeping
3,096 posts, read 6,461,127 times
Reputation: 524
Quote:
Originally Posted by Bosco55David View Post
Yeah, but if the city loses out on the tax revenue, it's kinda pointless isn't it?
so you are saying that people in Omaha saving money is bad
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Old 08-08-2010, 08:25 PM
 
Location: Grand Island, Nebraska
736 posts, read 1,663,742 times
Reputation: 327
Funny how you lower taxes and people go spend money.


HEY WASHINGTON LIBERALS SEE HOW THAT WORKS!!!
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Old 08-08-2010, 09:41 PM
 
Location: Tampa (by way of Omaha)
13,906 posts, read 19,079,648 times
Reputation: 9111
Quote:
Originally Posted by billiefan2000 View Post
so you are saying that people in Omaha saving money is bad
No, I'm saying that there is very little benefit to the city from a financial standpoint.

Now if Omaha wanted to put Council Bluffs' nose to the grindstone (and I would) they could always have a 4 day tax holiday spanning the weekend plus the Friday and Monday while increasing the cap on tax free items and extending it to more products. In one fell swoop we could completely steal CB's mojo and beat them over the head with it.

Quote:
Originally Posted by Happygolucky View Post
Funny how you lower taxes and people go spend money.

HEY WASHINGTON LIBERALS SEE HOW THAT WORKS!!!
Did you sleep through all of 2009? Maybe instead of spending all that time complaining about eastern Omaha you should have turned on the news.

Quote:
The size of the proposed tax cuts -- which would account for about 40% of a stimulus package that could reach $775 billion over two years -- is greater than many on both sides of the aisle in Congress had anticipated. It may make it easier to win over Republicans who have stressed that any initiative should rely more heavily on tax cuts rather than spending.

The Obama tax-cut proposals, if enacted, could pack more punch in two years than either of President George W. Bush's tax cuts did in their first two years. Mr. Bush's 10-year, $1.35 trillion tax cut of 2001, considered the largest in history, contained $174 billion of cuts during its first two full years, according to Congress's Joint Committee on Taxation. The second-largest tax cut -- the 10-year, $350 billion package engineered by Mr. Bush in 2003 -- contained $231 billion in 2004 and 2005.
Obama Eyes $300 Billion Tax Cut - WSJ.com
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Old 08-09-2010, 09:11 AM
 
Location: Omaha Nebraska and dreamland when I am sleeping
3,096 posts, read 6,461,127 times
Reputation: 524
Quote:
Originally Posted by Happygolucky View Post
Funny how you lower taxes and people go spend money.


HEY WASHINGTON LIBERALS SEE HOW THAT WORKS!!!



that might scare liberals since many liberals believe in the ways of Jim Wallis (aka socalism)
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Old 08-09-2010, 09:16 AM
 
Location: Grand Island, Nebraska
736 posts, read 1,663,742 times
Reputation: 327
Quote:
Originally Posted by Bosco55David View Post
No, I'm saying that there is very little benefit to the city from a financial standpoint.

Now if Omaha wanted to put Council Bluffs' nose to the grindstone (and I would) they could always have a 4 day tax holiday spanning the weekend plus the Friday and Monday while increasing the cap on tax free items and extending it to more products. In one fell swoop we could completely steal CB's mojo and beat them over the head with it.



Did you sleep through all of 2009? Maybe instead of spending all that time complaining about eastern Omaha you should have turned on the news.

Obama Eyes $300 Billion Tax Cut - WSJ.com
From what I understand Obama is goin to STOP the Bush tax cuts 01-01-2011.
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Old 08-09-2010, 09:18 AM
 
Location: Omaha Nebraska and dreamland when I am sleeping
3,096 posts, read 6,461,127 times
Reputation: 524
Quote:
Originally Posted by Happygolucky View Post
From what I understand Obama is goin to STOP the Bush tax cuts 01-01-2011.

happy, wont that be 2 weeks before Pelosi and Reed are no long Majority leaders in the Senate and House
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