Report Title:

Support Presidential Tax Relief Proposal

WHEREAS, federal taxes are the highest they have ever been during peacetime; and

WHEREAS, all taxpayers should be allowed to keep more of their own money; and

WHEREAS, the best way to encourage economic growth is to cut marginal tax rates across all tax brackets; and

WHEREAS, under current tax law, low-income workers often pay the highest marginal rates; and

WHEREAS, President Bush's tax relief plan will contribute to raising the standard of living for all Americans; and

WHEREAS, President Bush's tax relief plan will increase access to the middle class for hard working families, treat all middle class families more fairly, encourage entrepreneurship and growth, and promote charitable giving and education; and

WHEREAS, under President Bush's tax relief plan, the largest percentage reductions will go to the lowest-income earners; and now, therefore,

BE IT RESOLVED by the Senate of the Twenty-First Legislature of the State of Hawaii, Regular Session of 2001, that members of Hawaii's delegation to the Congress of the United States are respectfully urged to support and work to pass the tax relief plan introduced by President Bush; and

BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to the President of the United States and members of Hawaii's congressional delegation.