Friday, June 14, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, December 21, 2017
Tupola: Hawaii Families Will Benefit from Tax Cut
By News Release @ 11:59 AM :: 5790 Views :: Republican Party, Taxes

“Hawai‘i Minority Leader Speaks Out on the Benefits of the Tax Cuts and Jobs Act”

News Release from Office of Rep Andria Tupola, December 20, 2017

HONOLULU, HAWAIʻI –Hawai‘i Republican Andria Tupola (District 43 – Ewa Villages, Kalaeloa, Honokai Hale, Nanakai Gardens, Ko Olina, Kahe Point, Nānākuli, Lualualei, and Māʻili) speaks out on the benefits of passing the first comprehensive tax reform since 1986 when President Ronald Reagan signed the Tax Reform Act into law. The provisions of the Tax Cuts and Jobs Act include:

  • Reductions to the middle-income tax rates
  • An increase to the child tax credit
  • An increase to the standard deduction, and
  • Cuts to the corporate tax rate

“While the tax bill isn't perfect, the people of Hawai‘i will benefit from this tax overhaul,” said Representative Andria Tupola (District 43 – Ewa Villages, Kalaeloa, Honokai Hale, Nanakai Gardens, Ko Olina, Kahe Point, Nānākuli, Lualualei, and Māʻili). “The new provisions directly benefit Hawai‘i’s families by reducing the tax burden on low and middle-income taxpayers. With more than two-thirds of Hawai‘i taxpayers already using the standard deduction, a large number of individuals and families can take advantage of a simplified tax filing option.”

The Tax Foundation estimates that the new tax plan will impact Hawai‘i by adding 1,518 new jobs and predicts a $793 after-tax income increase for middle-income families. The Tax Policy Center anticipates an average tax cut of $2,140 with 80% of taxpayers receiving a tax cut.

"As a former professor and an advocate for higher education, I was concerned when I found out the House version of the bill included graduate student tuition waivers as taxable income. Now that the final version of the bill has passed, I'm glad that the tuition waiver will continue to remain tax-exempt income," said Rep. Tupola.


Related: Who Gets a Tax Cut Under the Tax Cuts and Jobs Act?


TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii