The Grassroot Institute of Hawaii has released a new study it sponsored from the Beacon Hill Institute at Suffolk University. ‘The Economic Impact of the Akaka Bill: Unintended Consequences for Hawaii’ estimates that the Akaka bill could cost the state up to $690 million per year in lost tax revenue.
The Native Hawaiian Government Reorganization Act of 2007 (S.310 and HR505) in the 110th Congress, also known as the Akaka Bill after sponsor Senator Daniel Akaka, proposes to create a sovereign independent Native Hawaiian Governing Entity within the state of Hawaii. This is the first study on the economic impacts of the proposed bill, which is expected to be re-introduced in the new session of Congress with President Obama indicating his support.
The new ‘The Economic Impact of the Akaka Bill: Unintended Consequences for Hawaii’ study is available free of charge at the Grassroot Institute website.