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Microcap & Penny Stocks : Zia Sun(zsun)

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From: StockDung7/10/2011 6:16:20 PM
   of 10354
 
Bryant Cragun
WAM Testimony
STRONG OPPOSmON TO HB2850
Monday, March 22, 2010 3:45:37 AM
To Whom it May Concern:
I am writing today to urge you to vote against the passage of
HB2850. relating to the Liquor Tax increase. This bill will have an
extremely negative impact on Hawaii's brewing business as well as
distributors and consumers. These are businesses that draw tourists
to the islands and greatly benefit the State, creating more jobs and a
stronger economy.
Although the State is facing severe financial troublest careful
consideration must be given to the fact that the very existence of the
businesses affected by such a tax increase is in danger. The
consequences will certainly outweigh the additional revenues expected,
there may soon be no businesses to tax. This tax will simply increase
the cost to consumers at a time when taxpayers cannot afford such
increases. The proposed increase in tax will add more than a dollar
per six-pack of beer to the coast of the consumer. Furthert I believe
this will result in a decrease in sales rather than an increase in tax
revenue and a loss of countless jobs within the state.
PLEASE STOP THE BEER TAX INCREASE and please consider providing a
tax break similar to the Federal Small Brewers Tax Exemption for all
beer produced in Hawaii. Twelve other states offer exemptions; with
the decline in Hawaiian breweries over the last ten years. It only
makes good sense Hawaii should have one too. Its good for business
and good for Hawaii.

RespectfullYt
Bryant D. Cragun

capitol.hawaii.gov
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