News Release - Hawaii House of Representatives September 10, 2012 - for Immediate Release Contact: Georgette Deemer – 341-5043 Or 586-6133

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News Release - Hawaii House of Representatives September 10, 2012 - For immediate release Contact: Georgette Deemer – 341-5043 or 586-6133 House Members Oppose Tax Review Commission's Consultant's Tax Increase Recommendations Honolulu, Hawaii. A group of members of the House of Representatives are opposing a consultant's tax increase recommendations to the 2010-2012 Tax Review Commission, scheduled to be heard in a public hearing tomorrow. The hearing will cover a draft report entitled "Study of the Hawaii Tax System: Final Report." The report was prepared for the Tax Review Commission by The PFM Group. Specifically, the House members oppose the following tax increase recommendations: The increase in the general excise tax rate by 0.5 percent The imposition of the income tax on pension income The increase of the corporate income tax rate The elimination of the income tax deduction for real property taxes paid The members reserved their right to oppose other recommendations in the draft report. The testimony further states: "We feel that such a significant net tax increase probably will be detrimental to private businesses, residents, or both, and that PFM has not sufficiently analyzed the impact of the tax increase on the economy, businesses, and residents." The testimony in opposition was submitted on behalf of the following: Henry J.C. Aquino Karen Awana Tom Brower Rida T.R. Cabanilla Mele Carroll Pono Chong Isaac W. Choy Ty Cullen Heather H. Giugni Sharon E. Har Mark J. Hashem Robert N. Herkes Linda Ichiyama Ken Ito Jo Jordan Derek S.K. Kawakami Marilyn B. Lee Sylvia Luke Dee Morikawa John M. Mizuno Mark M. Nakashima Marcus R. Oshiro Calvin K.Y. Say James K. Tokioka Clift Tsuji Gregg Takayama (Representative-Elect) Ryan I. Yamane Kyle T. Yamashita Jessica Wooley ### .

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Representative Henry J.C. Aquino Representative Della Au Belatti Representative Patrick Pihana Branco Hawaii State Capitol, Room 419 Hawaii State Capitol, Room 439 Hawaii State Capitol, Room 328 415 S. Beretania Street 415 S. Beretania Street 415 S. Beretania Street Honolulu, HI 96813 Honolulu, HI 96813 Honolulu, HI 96813 Representative Ty J.K. Cullen Representative Linda Clark Representative Stacelynn K.M. Eli Hawaii State Capitol, Room 320 Hawaii State Capitol, Room 303 Hawaii State Capitol, Room 418 415 S. Beretania Street 415 S. Beretania Street Honolulu, 415 S. Beretania Street Honolulu, HI 96813 HI 96813 Honolulu, HI 96813 Representative Sonny Ganaden Representative Cedric Asuega Representative Sharon E. Har Hawaii State Capitol, Room 330 Gates Hawaii State Capitol, Room 441 Hawaii State Capitol, Room 318 415 S. Beretania Street 415 S. Beretania Street 415 S. Beretania Street Honolulu, HI 96813 Honolulu, HI 96813 Honolulu, HI 96813 Representative Mark J. Hashem Representative Troy N. Hashimoto Representative Daniel Holt Hawaii State Capitol, Room 424 Hawaii State Capitol, Room 332 Hawaii State Capitol, Room 406 415 S. Beretania Street 415 S. Beretania Street 415 S. Beretania Street Honolulu, HI 96813 Honolulu, HI 96813 Honolulu, HI 96813 Representative Linda Ichiyama Representative Greggor Ilagan Representative Aaron Ling Johanson Hawaii State Capitol, Room 426 Hawaii State Capitol, Room 314 Hawaii State Capitol, Room 436 415 S. Beretania Street 415 S. Beretania Street 415 S. Beretania Street Honolulu, HI 96813 Honolulu, HI 96813 Honolulu, HI 96813 Representative Jeanne Kapela Representative Bertrand Kobayashi Representative Dale T. Kobayashi Hawaii State Capitol, Room 310 Hawaii State Capitol, Room 403 Hawaii State Capitol, Room 326 415 S.
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