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Here's How Tax Increases Are Shaking Out In The Hawaii Legislature


Here s How Tax Increases Are Shaking Out In The Hawaii Legislature - Honolulu Civil Beat
Here’s How Tax Increases Are Shaking Out In The Hawaii Legislature
Senators moved to raise income taxes on high earners, and the House passed capital gains and inheritance tax increases.
Reading time: 7 minutes.
As Hawaii lawmakers approach the midpoint of this year’s session, they are positioning a variety of tax increase bills for passage later in the session, just in case they are needed.
But whether those tax hikes finally pass this year will depend largely on what happens in Washington, D.C. ....

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UHERO Forecast 'Sort Of More Optimistic,' But Is Based On Several Factors


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The state s economy will be determined by two things this year: more federal relief and the vaccine rollout. That s according to the latest report from the University of Hawaii s Economic Research Organization, or UHERO, forecasting the year ahead.
Local economists say there is still a lot of uncertainty facing the state s economy, but they are expecting a rapid recovery in 2021. The report expects between 20,000 and 25,000 jobs will return this year with the possibility of an additional five or six thousand jobs if vaccinations speed up in the state s major domestic and foreign tourism markets.
Carl Bonham, executive director of UHERO, says their baseline forecast is more optimistic than previous outlooks. But he says it is based on a set of assumptions, such as the vaccine rollout and federal relief. ....

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