Policy brief – OpenSky overview of 2017 priority bills
Read an overview of priority bills that relate to OpenSky's work and about the positions we have taken on the measures.
Read an overview of priority bills that relate to OpenSky's work and about the positions we have taken on the measures.
LB 452 and LB 380 would provide large income tax cuts to wealthy Nebraskans and do little-to-nothing for the middle-class or small businesses
Under LB 337, a Nebraskan in the top 1 percent of incomes would would receive an average tax cut of about $5,810 a year; a middle-income earner would receive about $39 annually on average; and the lowest-earning taxpayer would, on average, receive no tax cut.
Nebraska’s economy has demonstrated stable growth over the last decade, outperforming most other states in Gross Domestic Product (GDP) growth per capita, personal income growth per capita, and unemployment. (See sidebar box.) [...]
In spite of its gradual implementation, LB 357 would leave future lawmakers with a budget crisis as they inherit a depleted cash reserve and the need to make continuous cuts to vital services like schools and health care.
Learn more about how LB 280 would affect taxpayers and school finance in Nebraska.
A look at the data debunks a common misconception regarding Nebraska’s farmers and ranchers and what they pay in taxes.
We take a closer look at LB 987, a bill to index Nebraska’s personal income tax brackets for inflation and expand exemption of Social Security benefits, and its potential impact.
A pair of bills to cut income taxes would blow holes in the state budget, aren’t aimed at the middle class and are not likely to grow the economy. Furthermore, the bills -- LB 1097 and LB 721 -- likely would lead to higher property taxes and cuts to investments in schools and other key services.
Middle-income Nebraskans pay relatively low taxes compared to their counterparts in eight nearby states with similar economies and tax structures.