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.
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.
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.
Bill exempting jobless benefits from state taxes hits a snag
More than 580,000 Hawaiʻi workers filed unemployment claims last year, according to the governor’s office.
Tax form change would clarify amount of REIT deductions
As Hawaiʻi faces major budget shortfalls this year and several years to come, it is imperative that all corporations provide accurate reporting of its assets and revenues generated.
To invest in its future, Hawaiʻi needs to raise taxes now
Kicking the can down the road further burdens the taxpayers of tomorrow.
Senate’s tax fairness bill is good for Hawaiʻi—here’s why
Senate Bill 56 accomplishes what most of us would like our tax system to do: It assesses a greater contribution to the public good from those who can afford it.
Raising taxes on rich would boost consumers
To save businesses like Love’s, we need to shift tax burden away from consumers who drive commerce, to those who earn so much they save a lot.
Require REITs to disclose assets and revenues
So long as these trusts aren’t paying corporate income taxes, they aren’t paying their fair share of taxes.
Here’s how tax increases are shaking out in the Hawaiʻi legislature
Senators moved to raise income taxes on high earners, and the House passed capital gains and inheritance tax increases.
Gov. David Ige ponders higher fuel and wealth taxes
But tax increases are likely going to be considered by state lawmakers regardless of whether Ige includes such proposals in his detailed budget plan.
REITs should contribute more
REITs own property in the islands with a collective estimated total value of $17 billion but, unlike other businesses, the trusts in Hawaiʻi are effectively exempt from state income tax.