Hawaii Governor Enacts Historic Tax Cuts to Ease Living Costs

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Source: Honolulu Civil Beat
Hawaii Governor Enacts Historic Tax Cuts to Ease Living Costs
Photo: Honolulu Civil Beat
TL;DR Summary

Hawaii Governor Josh Green signed the largest income tax cut in state history, aiming to make the state more affordable and reduce the exodus of residents. The new law will significantly reduce state income taxes for many working-class families and eliminate taxes for the lowest earners by 2031. However, critics worry the $5.6 billion reduction in state revenue by 2031 will lead to cuts in essential state programs and services.

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