These initiatives will go along way to ensuring that this region is well placed to reap the full benefits of the tourism growth enjoyed by the island as a whole.

I also believe strongly that capping this exemption would send out a message internationally that we do not encourage success in the arts ... We will force our young talent to go abroad as soon as they become successful. This is wrong.

The list of successful writers, poets, artists, and composers is long ... As a country it is our duty to protect and nourish our artistic talent, not punish it for achieving success.

It is my firm belief that elimination of the exemption would inevitably and significantly reduce the level of professional arts activity in the state.

Overall, the market is, to some degree, held hostage by what the Fed is going to say.