Wednesday, November 13, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, April 17, 2018
New study ranks Hawaii economy poorly but offers guide to ‘course correction’
By Grassroot Institute @ 5:53 PM :: 3408 Views :: Hawaii Statistics

New study ranks Hawaii economy poorly but offers guide to ‘course correction’

Grassroot Institute president says Hawaii can achieve a better economic outlook

News Release from Grassroot Institute 

HONOLULU (April 17, 2018) >> A new study examining practices for economic growth ranks Hawaii a low 45th among U.S. states, but also offers lessons for how the Aloha State could improve.

The study, “Rich States, Poor States,” released Tuesday by the Virginia-based American Legislative Exchange Council, showed Hawaii slipping two spots from last year’s ranking.

Keli‘i Akina, Ph.D., president and CEO of the Grassroot Institute of Hawaii, said the low ranking could be viewed as discouraging, but the study also has a bright side.

“Hawaii may have dropped a couple of spots, but the good news is that this study provides an index of prescriptive best practices from across the country,” Akina said. “Hawaii’s lawmakers can use those best practices for charting our state’s course to a better economic future.”

The study, in its 11th edition, used weighted policy variables such as labor policies, taxes and regulations to determine a state’s economic outlook.

“Hawaii lawmakers can take other states — such as Arizona, Utah, and Idaho — as examples of how reducing tax and regulatory burdens can create competitive, pro-growth environments,” Akina said. “Course correction is necessary so Hawaii can achieve a better economic outlook. If Hawaii policymakers were to heed the practical guide set forth in the study, it would mean more money in the pockets of taxpayers, more freedom for individuals in our state, and a flourishing economy in the islands.”

The report ranks Hawaii as having the 48th highest personal income tax rate and the worst “sales tax” burden in the country. (Hawaii technically doesn’t have a sales tax; rather it has a general excise tax that applies to economic transactions at every level.)

Other low-ranking states in the study include New Jersey, California, Illinois, Vermont, and New York.

According to its website, the American Legislative Exchange Council is America’s largest nonpartisan, voluntary membership organization of state legislators dedicated to the principles of limited government, free markets and federalism. Nearly one quarter of the country’s state legislators and stakeholders from across the policy spectrum are members, representing more than 60 million Americans.

Earlier this year, the “Economic Freedom of North America Report,” issued annually by the Canada-based Fraser Institute, in cooperation with the Grassroot Institute of Hawaii, also ranked Hawaii a low 45th among all U.S. states, specifically in terms of economic freedom. That report also looked at variables such as labor policies, taxes and regulations.

###

LINK: Rich States, Poor States

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii