Help Hawaii’s economy – support a temporary GET increase.

Hawaii’s economy is continuing in a downward spiral, and our state cannot afford to make any additional cuts to important state programs and services.

Respected local economists have recently said that a temporary General Excise Tax increase will help address the state budget problems without compromising the health and well-being of our community.

FACTS:

- Respected local economists recently said that a small increase in the GET can generate significant revenue and boost Hawaii's economy, and that cuts in social services impose long-term effects on the economy.

- 38% of the GET is paid by tourists – thereby reducing the impact on Hawaii residents.

- A proposed earned income tax credit for low-income taxpayers will offset the GET increase.

- Temporary tax increases have a small impact on consumer spending of goods and services. (Oahu’s consumer spending did not drop when the City & County of Honolulu imposed .5% surcharge on purchases.)

- GET revenues benefit mostly the low- and middle-classes, as beneficiaries of state spending are welfare, education and University of Hawaii.

- A 1% increase (from 4% to 5%) is affordable because:
  -
If you spent $10,000 annually on taxable goods and services, you pay $100 more in taxes due to the additional 1% tax.
  -
Spread that $100 over the 365-day year and you end up paying just 27¢ a day in additional taxes.

Sign this petition to let your elected officials know that you want them to implement a small temporary General Excise Tax increase to generate state revenue and address Hawaii’s economic problems.

 

Sponsor

PHOCUSED (Protecting Hawaii’s Ohana, Children, UnderServed, Elderly and Disabled) Hawaii Alliance for Retired Americans (HARA) Interfaith Alliance Lanakila Meals on Wheels Methodist Division of Church Society Pride At Work Hawaii Royal State National Insurance Company Hawaii Carpenters Union, Local 745 HSTA (Hawaii State Teachers Association) ILWU (International Longshore and Warehouse Union) AFSCME (American Federation of State, County and Municipal Employees) Iron Workers Union, Local 742 National Association of Social Workers, Hawaii Chapter HGEA (Hawaii Government Employees Association) Painters Local 1791 UHPA (University of Hawaii Professional Assembly) UPW (United Public Workers) UNITE HERE (Hotel Employees and Restaurant Employees) Local 5 Political Action Committee Kokua Council Policy Advisory Board for Elder Affairs (PABEA)

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