Taxes & Budget

(HB2306): Pausing Act 46’s broad income tax cuts after 2025 would help Hawaiʻi recapture badly-needed revenue to fund housing, healthcare, food security, schools, and care for our keiki and kūpuna. Our long-term goal is to adjust Act 46 so the ultra-wealthy and highest-income households receive less of the benefit, while preserving the boost it provides to working families.

(HB1850/SB2587): Capital gains are profits from selling assets like stocks, antiques, or real estate, and in Hawaiʻi they are taxed at a maximum rate of 7.25 percent—lower than what many high‑earning residents pay on income from work. This gives the wealthiest people and corporations a loophole to pay lower overall tax rates than working families. By taxing capital gains at a higher rate—or preferably at the same rates as ordinary income—Hawaiʻi would close this loophole, generate much‑needed revenue, and improve tax fairness by making those with more pay more.

(HB2008): A millionaire's tax is a simple, fair solution to make Hawaiʻi more affordable. By asking the wealthiest to contribute a little more, we can properly fund housing, healthcare, food security, schools, and care for our keiki and kūpuna. Fair taxation means those with more pay more. A millionaire's tax is a responsible way to protect working families and strengthen our local economy—not burden it. It could generate tens of millions of dollars each year for affordable housing, better schools, healthcare, kūpuna care, and climate resilience.