Debate resumes on school privatization measure
Students in rural areas are unlikely to see many benefits from a plan to provide private school scholarship tax credits. The proposal to be debated on Tuesday, LB 753, would allow a [...]
Bottom-line change under proposed income tax cuts varies widely among taxpayers
Provisions of the income tax package under consideration in the Nebraska Legislature predominantly benefit high-income taxpayers. With debate on LB 754 set to begin on Wednesday, we looked at how model taxpayers [...]
Amid new proposed cuts, report outlines largest tax cut in Nebraska history
Last year, the Nebraska Legislature passed the largest tax cut package in state history, committing $3.4 billion in state revenue over six years. This week, as the Legislature begins debate on a [...]
A breakdown of what’s included in package of proposed income tax cuts
Income tax cuts set to be debated soon in the Nebraska Legislature would benefit the wealthiest Nebraskans and send more money to out-of-staters than our own middle- and lower-wage earners. When fully [...]
Webinar panelists: Data shows lesser link between tax policy and keeping workers in Nebraska
https://www.youtube.com/watch?v=Q1qWgzAVQ24 Modifying the state’s tax policy will not keep younger, highly educated Nebraskans from leaving for job opportunities in Iowa, Kansas and other states, panelists said in a March 7 [...]
How it works: income distributions and what counts as “wealthy” in Nebraska
The question of who is wealthy and who is not is a frequent one in the Nebraska Legislature and has the potential to affect any number of state policies. Is someone with [...]
How things work: tax credits versus tax deductions
It’s tax season, and many of us are trying to figure out what we owe. The Nebraska Legislature is also looking into that question. A few bills introduced in the Legislature – [...]
Policy Brief: Consumption Tax
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Consumption tax proposal to be heard tomorrow; OpenSky analysis shows 22.1% rate needed to break even
LB 79, along with a pair of constitutional amendments – LRs 6CA and 7CA – will be heard tomorrow afternoon by the Revenue Committee and would combine to replace most state and local taxes with a [...]
Webinar panelists: Data shows child tax credits benefit hardworking families – VIDEO INCLUDED
https://www.youtube.com/watch?v=6pzfwayaL7A New evidence on child tax credits at the federal level has shown “stunning” results in lifting children out of poverty throughout the country and a state-level policy could continue [...]