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 last major tax bills still alive this session would cut income and estate taxes
It's a tight budget year and lawmakers are being criticized for advancing a major reduction in the state inheritance tax that would only benefit Hawaiʻi's wealthiest families.
What do estate tax cuts for the wealthy say about Hawaiʻi’s priorities?
Should the tax cut become law, it will speak volumes about our state’s priorities.
With cloudy state finances, Hawaiʻi’s ‘rainy day’ fund held for future rainy day
“You have a rainy day fund, and it’s supposed to be used for emergencies,” said Tom Yamachika, president of the nonprofit Tax Foundation of Hawaiʻi. “You’ve got an emergency.”
Rethinking Hawaiʻi’s conveyance tax
Hawaiʻi stands at the critical decision point in investing in our housing needs: The enactment of HB2364 holds the promise of a brighter, more inclusive future for all residents.
A proposed constitutional amendment would let Hawaiʻi use property taxes to fund schools
The Legislature passed a similar bill in 2018, but the state Supreme Court invalidated the ballot measure for using vague and unclear language.
Rebalance Hawaiʻi’s upside-down tax code to achieve prosperity for all
We are the third-worst state when it comes to taxing struggling working families.
New report on cycle of poverty in Hawaiʻi urges state lawmakers to find solutions
Solutions include substantially increasing public financing of affordable housing, as well as the creation of a state level child tax credit.
The long struggle over taxing the rich
States’ taxes lean most heavily on poorer residents. These states are trying to change that.