The federal budget and taxes have a direct impact on the residents of Nebraska. OpenSky Policy Institute analyzes the impact federal changes will have on us here at home.
The tax plans being considered by Congress would offer big tax breaks to large corporations and the very wealthy, provide modest benefit to middle- and low-income Nebraskans and, in fact, cause many Nebraskans to pay more taxes.
The close relationship between state and federal fiscal policies means tax changes currently being considered at the federal level could have a profound impact on Nebraska.
Recent reports on national fiscal trends show that Nebraska’s current budget shortfall might be part of a larger structural trend that could be further exacerbated by potential changes at the federal level.
Majority of federal income tax exempt Nebraskans are employed Recently, we’ve been hearing a lot of chatter in the news about the 47% of the population that doesn’t owe federal income tax. [...]
