HOUSE OF REPRESENTATIVES

H.C.R. NO.

170

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 
   


HOUSE CONCURRENT

RESOLUTION

 

requesting that the congressional delegation of the state of hawaii work to pass president bush's 2003 economic growth and tax relief plan.

 

 

WHEREAS, President Bush has proposed an economic growth and tax relief plan designed to strengthen the American economy and deliver critical help to unemployed citizens; and

WHEREAS, President Bush's plan removes the double-taxation on dividends, speeds up tax cuts already passed in 2001, increases business expensing, and aids unemployed workers so as to effectively speed up economic recovery and encourage job creation; and

WHEREAS, over 50% of the population invests in the stock market and senior citizens receive 50% of dividend payments, indicating that a strong stock market benefits all Americans; and

WHEREAS, everyone who invests in the stock market and receives dividend income -- particularly senior citizens -- will benefit from the elimination of the double taxation on dividends, while all Americans will benefit from a strong stock market; and

WHEREAS, everyone who pays taxes -- especially middle-income Americans -- will receive additional relief form the enactment of accelerated marriage penalty tax reduction, faster increase in the child tax credit, and immediate implementation of the new, lower 10% tax bracket; and

WHEREAS, every small business owner who purchases equipment will benefit greatly from the increase in expensing limits of $25,000 to $75,000 that will in turn help grow business investment, allow for re-investment of capital into the economy and work to create jobs; now, therefore,

BE IT RESOLVED by the House of Representatives of the Twenty-second Legislature of the State of Hawaii, Regular Session of 2003, the Senate concurring, that the Legislature requests our elected Representatives and Senators in the United States Congress support and vote to enact President Bush's 2003 Economic Growth and Tax Relief Plan; and

BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to members of Hawaii's Congressional delegation.

 

 

 

OFFERED BY:

_____________________________

Report Title:

2003 Economic Growth and Tax Relief Plan; request to Congressional delegation to support