HI HCR107

Urges Hawaii's congressional delegation to introduce and support legislation repealing provisions of the Tax Cuts and Jobs Act of 2017 that negatively impact low-income and middle-income households.

Notes that individual tax cuts in the 2017 Act are set to expire after 2025, at which point the Tax Policy Center estimates 53.4 percent of taxpayers will face tax increases.

Highlights that after 2025, 60.7 percent of middle-income earners will pay more in taxes compared to only 8 percent of the highest-earning 0.1 percent.

States that households earning $20,000 to $30,000 are estimated to pay 26.6 percent more in 2027 than under prior law, while households earning over $1,000,000 will pay 1 percent less.

Requires certified copies of the resolution to be transmitted to each member of Hawaii's Congressional Delegation.