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.
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.
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.
Economic recovery should focus on working families
Hawaiʻi’s lawmakers should pass legislation that supports workers’ well-being.
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.
Hawaiʻi senate committee mulls inheritance and conveyance tax increases
Even after a $1.6 billion federal bailout, a key lawmaker says the state might need more money.
Hawaiʻi lawmakers advance capital gains tax increase
The higher state capital gains tax rates would initially raise more than $57 million extra next year.
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.