Hawaii lawmakers passed legislation Tuesday that would hike the state’s minimum wage to $18 an hour by 2028, potentially the highest in the nation.
a single person working 40 hours a week would need to earn $18 an hour to pay for housing and other necessities in Hawaii.
The Chamber of Commerce of Hawaii said in written testimony that many of its members say they will lay people off and some will close shop with the rate hike. The business group said Hawaii’s unique-in-the-nation requirement that employers provide health insurance to those working more than 20 hours a week already adds $3-4 to the hourly compensation of workers.
The bill makes the earned income tax credit permanent and refundable, which will help low- to moderate-income workers cut the taxes they owe and potentially increase their tax refund. Hawaii’s existing earned income tax credit expires this year and is not refundable, meaning many low-income taxpayers can’t use it because their earnings are too low to require significant taxes.
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