12-03-2017, 05:33 AM
how the tax bill will specifically affect other Hawaii institutions, organizations, or businesses
Too soon to tell, but I suggest that any household that is "barely getting by" will find themselves "taxed out of the economy", and those in high cost-of-living areas (such as Hawaii) will be hit hardest/soonest.
I would further guess it won't quite happen immediately -- it will be months before we figure out the true impact of the current changes, followed by the years where cuts expire.
Hawaii needs a stronger economy -- both conventional (grow the science/R&D sector, as has been suggested) and alternative (the "underground market" don't pay taxes).
Too soon to tell, but I suggest that any household that is "barely getting by" will find themselves "taxed out of the economy", and those in high cost-of-living areas (such as Hawaii) will be hit hardest/soonest.
I would further guess it won't quite happen immediately -- it will be months before we figure out the true impact of the current changes, followed by the years where cuts expire.
Hawaii needs a stronger economy -- both conventional (grow the science/R&D sector, as has been suggested) and alternative (the "underground market" don't pay taxes).