HI HCR106

Urges Hawaii's congressional delegation to introduce and support legislation repealing the $10,000 cap on state and local tax (SALT) deductions established by the Tax Cuts and Jobs Act of 2017.

Contends the SALT cap increases state budget deficits and requires offsetting spending cuts or revenue increases to maintain balanced budgets.

Notes the cap disproportionately reduces after-tax income for Hawaii residents compared to lower-tax states due to the flat $10,000 limitation level.

Argues the SALT cap fails to account for inflation or marital status and decreases consumer spending necessary for economic recovery.

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