WAM

March 25th, 2013
By

State Sen. David Ige, the chairman of the Senate Ways and Means Committee, has set Wednesday as the day the committee will decide on the Senate's draft of the two-year state budget.

Senators will have the benefit of the latest forecast by the state Council on Revenues and the tentative new contract agreement between the state and the Hawaii State Teachers Association.

The Senate Ways and Means Committee will also take up the House's tax relief vehicle and several other bills with a financial component.

3 Responses to “WAM”

  1. Kolea:

    Although WAM may help articulate the Senate's current position on the budget and tax policies, from your other articles, I understand the negotiations will continue, so nothing is "written in stone" until the final conference committee amendments.

    As someone friendly to the new House leadership and Speaker Souki, I have concerns about some of the positions attributed to some House leaders. IF there is to be a tax cut, it should NOT aim at reducing the top marginal rate, as that would benefit the wealthy over the middle and working class folks which make up the bulk of the population and who have been hardest hit by the recession. If taxes are to be cut, that should go to middle and low-income people.

    But i fail to understand the push for tax cuts as anything other than an effort to curry favor with voters. Despite the recent rise in our local economy, mostly due to a rise in tourism, we have years of deferred maintenance on our roads, bridges, schools, airport, etc., which should be addressed EXACTLY at a time when state revenues go up. In addition to meeting real needs AND being cost-effective, the continued sluggishness of construction ensures lower bids for those repairs AND the spending will quickly circulate, "multiplying" through those sectors of the economy other than tourism, which need some help.

    So please, good buddies in the House (and Senate) resist the urge to cut taxes at this time. You will NOT win friends and you WILL weaken both our economic recovery and allow our infrastructure to deteriorate further. With the coming "Inouye Cliff" as well as the rippling effects of sequestration and federal budget cuts, now is NOT the time to postpone spending on our public infrastructure.


  2. ohiaforest3400:

    Kolea: what you said!


  3. Especially Incognito:

    Only lemmings will jump off a cliff.


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