![]() Judging by the polling numbers reported above, the policies would also have been well-received by the public. That’s a shame because in addition to making Hawaiʻi’s tax system more fair, the tax reforms discussed would have supported essential long-term public investments in affordable housing and a much-needed expansion of public preschool. However, because the general fund deficit was erased by federal funding help, most of these proposals were tabled. When asked about taxes in general, 80 percent said some wealthy people and some corporations are not paying their fair share, and that bothered them “a lot.” These attitudes have changed little over the years.ĭriven by the COVID-19 recession, Hawaiʻi lawmakers considered a variety of tax reform measures during the 2021 legislative session. 53 percent of Republicans who earned less than $50,000 per year support increasing income taxes on high-earning households.ĥ6–70 percent support raising corporate taxes.ħ2 percent of investors and 83 percent of business owners support the planned infrastructure investment “through corporate tax reform.”Ħ5–74 percent favor closing tax loopholes for multinational corporations.ĥ6 percent support ending tax breaks for the fossil fuel industry. What does the public think about taxes on the wealthy and on corporations? Recent polling on President Biden’s proposed plan to increase selected taxes to pay for federal investments in infrastructure and jobs produced the following results (the ranges below reflect different polls reported since April 2021):Ħ3–69 percent of respondents support raising taxes on families that make more than $400,000 per year.
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