A fisherman off the coast of Bonita Springs, Florida thinks he has a pretty nice catch. As he reels in a four-foot shark, his catch is stolen by an even bigger fish. A massive grouper pulls the sharkMore >>
A massive grouper steals a four-foot shark from a fisherman's line off the coast of Florida.More >>
By: Rick Blangiardi
The conventional wisdom has been whenever we need to raise
new taxes, it's best to raise them on our tourism industry.
But that's shortsighted. Tourism is still our no. 1
industry but if we are too overly aggressive on going to the well too often, we
may just kill the golden goose.
The transient accommodations tax, or the hotel room tax,
was set to expire in 2015. Over the past two years, however, it was raised one
percent each year to its current 9.25 percent.
One recent proposal was to raise it another 2 percent but
cooler heads prevailed.
The Hawaii tourism authority will get an $82 million share
of the proceeds, an $11 million increase over what it now gets.
Now that hotels know that the tax will stay as is, they can
better plan their futures. And they know there won't be another raid on what
they bring in.
We believe that's good common sense and a rational