The California stupidity fund

One of the changes made in the Tax Cuts and Jobs Act of 2017, which applies to our federal tax returns for this year, is a limitation on deductions for state and local taxes. Simply put, you can only deduct up to $10,000 in state and local taxes.

An opportunity for opportunity zones

Whatever you may think of President Trump and the Republican-dominated Congress, they have thrown an opportunity our way, and you need to take action very soon — by March 21, 2018, to be exact — to take advantage of it.

Groundhog Day in the Hawaii Senate

You may remember “Groundhog Day,” the 1993 film starring Bill Murray. In it, Murray played a Pittsburgh TV weatherman who, during an assignment covering the annual Groundhog Day event in Punxsutawney, Pennsylvania, found himself caught in a time loop, repeating the same day again and again.

By the way, could we have $50 million more?

Our Legislature is now in session, and one of the big functions of the money committees — the Senate Committee on Ways and Means and the House Committee on Finance — is to balance the state budget.

A penny for education

One of the bills making its way through our legislative system this session is one that would create a special fund for public education, and then funnel to that fund 25 percent of all the money that our General Excise Tax brings in.

Trump tax in Hawaii?

One of the more visible tax issues that our lawmakers will be thinking about this session is how to adapt the new federal tax law changes, sometimes called the Tax Cuts and Jobs Act and what we have been calling Trump Tax, to Hawaii.

The value of a refundable credit

In the 2017 legislative session, our Legislature passed an earned income tax credit (EITC) law, which its supporters maintain is the best solution to lift families out of poverty since sliced bread.