Diversifying The Economy: Governor Contenders Would Boost Ag, Small Business …Vicky Cayetano wants a permanent 50% excise tax cut for small businesses, while Josh Green is proposing new government subsidies to support Hawaii agriculture.
The frightening tourism shutdown at the outset of the pandemic underscored the risks of Hawaii’s deep dependence on the visitor industry, and Vicky Cayetano is proposing a dramatic tax cut for small businesses as her most important strategy for finally diversifying the state economy.
Lt. Gov. Josh Green, meanwhile, wants to use government subsidies to grow local agriculture, including property tax breaks, direct grants to farmers for infrastructure, and tax holidays for startups until they become profitable.
