But it would not. Your are making far too many assumptions in your $55 million figure that are not factual. There would certainly be a cost to an election holiday, but it would be no where near $55 million.
If everyone took the day off, and America closed down for one day, it would be 1/260th of a year. One workday out of the entire year. Simple arithmetic. No need for you to complicate it unless you are trying to defend the Socialist Obama.