HI HR87

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 Tax Policy Center analysis showed the 2017 Act's tax benefits were not distributed evenly, with 93.7 percent of the highest-earning quintile benefiting versus only 53.9 percent of the lowest quintile.

Highlights that individual income tax cuts expire after 2025, after which an estimated 53.4 percent of taxpayers will face tax increases, including 60.7 percent of middle-quintile earners.

Points out that households earning $20,000-$30,000 will pay 26.6 percent more in taxes in 2027 than under previous law, while households earning over $1,000,000 will pay one percent less.

Requires certified copies of the resolution be transmitted to each member of Hawaii's congressional delegation.