‘Audacious’ tax relief plan advances at Hawaiʻi Legislature
The biggest proposed savings are in a bill from Gov. Josh Green that would boost all Hawaiʻi income tax bracket thresholds and increase the standard deduction along with the personal exemption.
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.
Will the states finally tax the rich?
Lawmakers in seven states last month introduced legislation that aims, in some innovative ways, to raise taxes on their most fiscally favored.
Want to give our kids a future? Change the way we tax wealth
Enhanced revenue should come from those who can afford to pay more including large corporations and out-of-state investors.
A ‘wealth asset tax’ on Hawaiʻi’s richest residents advances in the legislature
The new tax would apply to people with a net worth of more than $20 million.
Hawaiʻi bill looks to increase capital gains taxes
A new bill in the state legislature is looking to tax these investments like regular working income.
A national wealth tax has gone nowhere. Now some states want to tax the ultra-rich
Each state has its own approach for taxing the rich, but typically the strategies include taxing assets as well as lowering the threshold for estate taxes.
Tax the rich? Liberals renew push for state wealth taxes
Supporters of taxes on the very rich contend that people are emerging from the COVID-19 pandemic with a bigger appetite for what they’re calling “tax justice.”
Hawaiʻi Tax Fairness Coalition protest at state capitol in favor of new tax on ultra-wealthy
The coalition is proposing new taxes on the ultra wealthy, and more tax relief to the low and middle income residents.
State progressives launch coordinated push to raise taxes on the rich
A coalition of left-leaning state legislators announced a new effort Thursday to tax the richest Americans, simultaneously introducing bills across eight states.
Tax-the-rich blue states want to leave wealthy ‘nowhere to hide’
Progressive lawmakers in a handful of blue states joined forces Thursday in a campaign to fire up energy for tax-the-rich policies in state capitols.
Billionaires in blue states face coordinated wealth-tax bills
Some measures are based on Sen. Elizabeth Warren’s proposals to make the super-rich pay more
House approves minimum wage, Mauna Kea bills after emotional floor debate
As the Legislature nears the halfway mark for this year’s session, measures to provide $600 million for Native Hawaiian housing and increase the capital gains tax also advance.
Capital gains tax increase and a new carbon tax may not make the cut
With all 76 members of the legislature up for reelection, lawmakers are expected to shy away from those potentially controversial tax measures this year.
New taxes, tourism funding cuts among bills pushed through as legislature winds down
Lawmakers agreed on a number of measures Thursday that need full House and Senate approval and then Gov. David Ige’s signature.
Lawmakers should pass tax bills to fix our upside-down tax system
Minimum wage earners should not be paying a higher percentage in taxes than those at the top.
Wealthy residents can afford higher tax rate
Their position in society would not change with a 5 percentage point increase in their income tax. Tax them more to the benefit of our state.
Here’s how Hawaiʻi’s new state budget is shaping up
With just a few weeks left in session, both the House and Senate plan to bail out Hawaii employers and pass some tax increases.
Dark clouds are looming over Hawaiʻi even as the economy appears to be improving
Economic experts say many people are worse off than they were before the pandemic and a lower unemployment rate is simply masking deeper problems.
Senate panel approves increases in Hawaiʻi estate, conveyance taxes
The measure would also suspend some excise tax exemptions for various industries to generate extra tax revenue.