A Hawaiʻi state budget for dummies
In case you haven’t noticed, Hawaiʻi’s state budget is a very difficult thing to make sense of unless you’re trained as a forensic accountant. Thankfully, the Hawaiʻi Appleseed Center has released a Budget Primer to make things simpler.
Concerns rise for low-income families over legislature's recent tax cut measure
The cost of the tax cuts concerns some advocates. An analysis by the Institute on Taxation and Economic Policy estimated an initial annual revenue loss of $656 million, that balloons to close to $1.5 billion by 2030. That's about 10 percent of the state's total budget.
The long struggle over taxing the rich
States’ taxes lean most heavily on poorer residents. These states are trying to change that.
Move ahead with care on tax relief
Legislators must ensure that the relief package makes the most of state resources, finding the right balance of lower taxes and the services that Hawaiʻi’s people need most.
Rising prices, increasing poverty, slowing job growth: Hawaiʻi’s economy faces grim times
Among those facing higher costs are Oʻahu utility customers whose October bills could show more cost increases on top of a dramatic rise over the past year.
As prices soar, top Democratic candidates for governor support relief from tax on groceries
Hawaiʻi Appleseed said a tax revenue boost must be paired with the tax cut to ensure key services aren’t cut. The organization suggested raising the capital gains tax or increasing tax on the wealthiest earners.
Legislators consider extending income tax credit for struggling families
Every dollar a tax filer gets from the EITC generates another $1.24 in economic activity. This type of tax refund can act as an economic stimulus for the state.
Furloughs likely to worsen delays of unemployment, Medicaid and SNAP claims
Governor Ige’s plan to furlough state workers could further increase the already-maddening length of time it takes to process critical services like unemployment.
Hawaiʻi landlords rejecting $8M in overdue rent
Some island landlords have rejected about $8 million in direct payments to cover the rents they’re owed because they do not have general excise tax licenses and are not paying taxes on their rental income.
One year later: The effects of Hawaiʻi’s illegal short-term rental ban
Illegal vacation rentals have worsened Hawaiʻi’s affordable housing shortage while contributing to an overrun of high-impact, low-spending visitors.
State’s poor face nation’s second-largest tax burden
The least wealthy income earners in Hawaiʻi pay the second most in taxes of any state in the union, according to an analysis of tax systems across the country.
Town Square: temporary vacation rental regulation
Two bills currently at the legislature allow transient accommodations brokers to register as tax collection agents and have explicit requirements regarding the general excise and the transient accommodations taxes. Today on Town Square we’ll consider the bills in detail.
Will this be the year for tax breaks for the poor?
Bills that have sailed through the Legislature so far would boost taxes on the wealthy to pay for tax breaks for low-income families.