To invest in its future, Hawaiʻi needs to raise taxes now
Hawaiʻi suffers from a self-inflicted malaise, made stark by the pandemic-induced state revenue shortfall.
We have under-invested for years in our physical infrastructure and in our people. Witness: The poor condition of our roads and our parks. The housing shortage that has resulted in high housing costs and homelessness. The shortage of physicians and teachers. The under-funding of public worker pensions and health benefits. The state’s inability to timely process unemployment claims. The looming costs of accommodating the effects of climate change.
There is a perception that most voters would prefer to endure a continuing deterioration in the quality of life than to have those who can afford it pay more taxes to improve it.
The state and counties need more tax revenue to deal with these issues. There are bills in the legislature that would increase tax revenues from those able to afford it.
If it’s hard to raise taxes this year, it will only be harder next year—an election year. For its future, Hawaiʻi needs Senate Bill 56 now.