Tax increase a loser for all
I was disappointed to read that the Hawaii legislature has adopted a “bite the hand that feed you” mentality in voting to raise the transient accommodations tax (TAT).
Perhaps they are unaware that tourism is the largest single contributor to the state’s gross domestic product, representing about 21 percent of its entire economy. Or perhaps they were just incapable of finding ways other than what seemed to be the easiest to raise revenue.
My wife and I own two timeshares on Kauai and spend about eight weeks there each year. An increase in the TAT will not stop us from coming but could very likely result in us spending less money on other things while on the island. Definitely looks like a zero sum gain, lose-lose situation to me.
Marc N. Burton, Minneapolis, MN