More than two dozen state House lawmakers, including House Speaker Calvin Say, issued a statement on Monday opposing tax increases suggested in a consultant’s report to the state’s Tax Review Commission.
The PFM Group has suggested an increase in the general-excise tax and the corporate income tax, a tax on pension income, and the elimination of the income tax deduction for property taxes. The tax increases would help stabilize state finances, according to the consultant.
The Tax Review Commission is scheduled to discuss the consultant’s suggestions at a meeting Tuesday morning at the state Capitol. The Tax Review Commission reviews the state’s tax structure, but the commission’s recommendations to the Legislature are only advisory.
“We feel that such a significant net tax increase probably will be detrimental to private businesses, residents, or both, and that PFM has not sufficiently analyzed the impact of the tax increase on the economy, businesses, and residents,” the House lawmakers said.
Here are the lawmakers who issued the statement:
Henry J.C. Aquino Karen Awana Tom Brower
Rida T.R. Cabanilla Mele Carroll Pono Chong
Isaac W. Choy Ty Cullen Heather H. Giugni
Sharon E. Har Mark J. Hashem Robert N. Herkes
Linda Ichiyama Ken Ito Jo Jordan
Derek S.K. Kawakami Marilyn B. Lee Sylvia Luke
Dee Morikawa John M. Mizuno Mark M. Nakashima
Marcus R. Oshiro Calvin K.Y. Say James K. Tokioka
Clift Tsuji Gregg Takayama (Representative-Elect)
Ryan I. Yamane Kyle T. Yamashita Jessica Wooley