Monday, July 15, 2024
Hawai'i Free Press

Current Articles | Archives

Saturday, April 2, 2022
SB514: $100 Taxpayer Refund is Still Possible
By Grassroot Institute @ 4:36 PM :: 1755 Views :: Tax Credits

Testimony: Hawaii taxpayers deserve big portion of budget surplus

from Grassroot Institute

The following testimony was submitted by the Grassroot Institute of Hawaii for consideration March 31, 2022, by the House Committee on Finance.

To: House Committee on Finance
      Rep. Sylvia Luke, Chair
      Rep. Kyle T. Yamashita, Vice Chair

From: Grassroot Institute of Hawaii
           Joe Kent, Executive Vice President


Comments Only

Dear Chair and Committee Members:

The Grassroot Institute of Hawaii would like to offer its comments on SB514 SD1, which would create a one-time tax refund for resident taxpayers in keeping with Article VII, Section 6 of the Hawaii Constitution.

The state of Hawaii is currently enjoying a nearly $4 billion budget windfall, thanks to higher-than-expected tax revenues and an infusion of federal funds. 

Hawaii’s residents and businesses, on the other hand, are struggling to rebound from the two years of coronavirus lockdowns, which closed many businesses forever and continue to reverberate throughout the economy.

Under the circumstances, it seems clear that returning a portion of those excess funds is both compassionate and economically wise. Hawaii’s taxpayers would benefit from the tax refund, and the economy would benefit from the spending and investment that would follow.

Earlier this year, the Grassroot Institute wrote about the budget surplus in the Hawaii Filipino Chronicle, suggesting that the Legislature return some of the windfall to taxpayers, as stipulated in the Hawaii Constitution. We also suggested that the Legislature help alleviate the state’s high cost of living by cutting taxes, which the state can clearly afford.

When Gov. David Ige proposed that the state send refunds in the amount of $100 per taxpayer and dependent, the Grassroot Institute praised the suggestion, noting that it would be a good way to help working Hawaii families while boosting the state’s economy.

The institute now commends the Legislature for considering this bill, but we would like to suggest that the Legislature go even farther in this effort to help Hawaii taxpayers.

Currently, the bill does not specify the refund amount. The governor hoped to add about $110 million to the economy via a refund of $100 per taxpayer and dependent. 

However, we suggest that, given the amount of its budget surplus, the state return at least one-third of the windfall, or about $1 billion, to the taxpayers. That would equal approximately $1,361 for each of Hawaii’s 734,673 taxpayers.

As we noted, the state can afford to do far more than a mere $100 each for Hawaii taxpayers, who have gone through so much in the past two years. 

Thus, we urge your committee to significantly increase the amount of the refund contemplated in this bill. By doing so, you would help foster economic growth and greater prosperity in Hawaii.

Thank you for the opportunity to submit our comments.


Joe Kent
Executive Vice President
Grassroot Institute of Hawaii


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