Tax Cut Strut

Honolulu Civil Beat
June 4, 2024

On the recently-passed, governor-backed income tax cut bill the Hawaiʻi State Legislature approved. The benefits of the tax cut will mostly flow to the wealthiest households in the state, while working families will see only meager savings.

The tax cut will also cost the state $656 million in 2025, with the annual loss in revenue expected to grow to nearly $1.4 billion by 2031 according to estimates from the Institute for Taxation and Economic Policy. That is more than 10 percent of expected general fund tax revenues, the loss of which will make it significantly harder to invest in solutions to our major problems, like housing affordability and climate impact mitigation.

Created for the Honolulu Civil Beat Sunshine Blog Editorial Cartoon Contest along with "Not a Crook" and "Leaky Case," together winning first place in the competition.