Representative Gene Ward (R-Hawaii Kai – Kalama Valley) says he vehemently opposes a call made by Speaker of the House Joseph M. Souki to tax Hawaii’s wealthy, retiree population as outlined in the Speaker’s opening day speech.
“Speaker Souki’s call for a pension tax on older, well-off residents of Hawaii is like Governor Abercrombie’s Pension Tax of 2011. It’s simply unfair and a bad idea,” Representative Ward said. “People work their entire lives to build a retirement nest-egg. Increasing taxes for older members of Hawaii’s community who have worked hard for their financial success sends the wrong message to our youth and discourages the kind of activity that leads to economic prosperity,” the Representative added.
Representative Ward feels we should reward, not punish, people who have worked hard all their lives and are now retired. The Representative serves as Vice Chair for the House Committee on Economic Development and Business.