Nebraska’s budget funds for services at the core of the Good Life. In fact, more than 90 percent of the state’s general fund budget goes to fund education, health and human services and public safety. As such, the budget decisions our policymakers have serious implications for all Nebraskans.
https://youtu.be/753ea9Qld3g With policymakers in Nebraska considering a significant shift from property taxes to sales taxes, two tax policy experts shared insights on the concept of “ability to pay” and discussed the [...]
$146,200 When talking about taxes, we often divide Nebraskans into five groups based on income distribution. Statistically, the starting point for the 20% of top earners is about $146,000 in 2024 dollars, [...]
A proposal that would raise the state’s sales tax by 1% would add to what all Nebraskans pay for goods and services, placing a greater tax burden on average-income taxpayers while high-wage [...]
With voters set to weigh in this November on legislation creating tax credits for donations to private school scholarships, new proposals in the Legislature seek to further divert public funds to private [...]
2 Two additional pieces of the governor’s plan to reduce property taxes paid to cities, counties and school districts will be discussed in today’s Revenue Committee hearing. LB 1414 adds a [...]
LB 952, a bill that would compel Nebraska to participate in a new federal Summer Electronic Benefit Transfer (EBT) program, will be discussed in today’s Health and Human Services Committee hearing. So [...]
Three bills linked to the governor’s proposal to reduce property taxes paid to fund services provided by cities, counties and school districts will be discussed in today’s Revenue Committee hearing. LB 1241 [...]
LB 1413, the governor’s proposal to transfer $192 million currently held in cash funds to the state’s General Fund, will be the subject of an Appropriations Committee hearing today. Unlike the General [...]
1 in 5 Today is National EITC Awareness Day, a chance to remind eligible workers of the Earned Income Tax Credit. The IRS has found that 1 in 5 eligible people do [...]
After Congress expanded the federal Child Tax Credit (CTC) in 2021, child poverty in the U.S. dropped to an all-time low of 5.2%. When the pandemic-era expansion ended, child poverty rebounded to [...]