HOUSE REPUBLICAN LEADER GENE WARD COMMENTS ON COUNCIL ON REVENUES’ PROJECTED $110 MILLION REVENUE LO
“People tend to forget that Hawaii’s small businesses hire 85% of the workforce. If we weaken them with more taxes we damage the economic engine of the state.
“The action of the House Finance Committee yesterday to rush through budget decisions that increased the State budget 10% also fails to recognize that we are still facing a budget gap.
The Council on Revenues decision today to decrease the FY 2011 revenue estimates by almost $110 million means we will need to find more savings in the State budget and your House Republicans are committed to doing just that.”