The Cost of Raising Taxes-Testimony for the City Council Hearing on July 6 at 10 a.m. on Raising the GE Tax

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”’Editor’s Note: The Honolulu City Council will be hearing testimony on the proposed 12.5 percent increase of the General Excise Tax on Wednesday, July 6, 2005, at 10 a.m. in the City Council Chamber. For those interested in submitting testimony, fax it to 527-6910 and sign up to testify at the 10 a.m. hearing at 523-4236. See a list of council members names and contact information below.”’

In the 1980s, when I was a student at the University of Hawaii, the first words I heard in my economics 101 class were:

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