Maui Business

Hirono Urges “Real” Support for Hawaii’s Small Businesses

April 19, 2012, 12:59 PM HST
* Updated April 19, 1:01 PM
A
A
A

Congresswoman Mazie Hirono. File photo by Wendy Osher.

By Sonia Isotov

Congresswoman Mazie K. Hirono today voted against HR 9, tax legislation that supporters claim would provide tax relief to small businesses.

Hirono voted against this bill saying that in reality, this bill would add $46 billion to the deficit with half of the benefits going to persons who earn more than $1 million a year.

“The Small Business Tax Cut Act actually does very little to help the kinds of small businesses that make Hawaii so great,” said Congresswoman Hirono, in a written statement.

“Due to the broad definition it sets for a ‘small business’ — those with fewer than 500 full-time employees — and the type of tax benefits it would provide, this legislation will result in billions of dollars in handouts to corporate law partners, financial consultants, sports franchises, and entertainers,” added Hirono.

ARTICLE CONTINUES BELOW AD

“In fact, the Joint Committee on Taxation found that this bill’s impact on economic growth and jobs is ‘so small as to be incalculable.”

ARTICLE CONTINUES BELOW AD

Hirono also stated that she was disappointed that the House failed to adopt an amendment that would have provided targeted relief for small businesses that invest in growing and creating jobs in the United States.

To create jobs, Congresswoman Hirono has called on the House to allow a clean, up or down vote on the bipartisan, Senate-passed surface transportation bill or the Congresswoman’s bipartisan VISIT USA Act.

E-Mail Newsletters Receive daily or weekly updates via e-mail. Subscribe Now
News Alerts Breaking news alerts on your mobile device. Get the App

Comments

This comments section is a public community forum for the purpose of free expression. Although Maui Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments