Hawaii Legislature plans tax hikes to ease budget deficit

According to Derrick DePledge and Peter Boylan of the Honolulu Advertiser, "State lawmakers, who heard more bad news about state revenues yesterday, moved toward a combination of spending cuts and tax increases to balance the state budget over the next two years.

The state Senate approved its draft of the budget and House and Senate lawmakers advanced several other bills that would raise taxes and siphon revenue from counties, tax credits and special funds to stitch together a financial plan."

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