Nebraska is losing taxpayers. See where they’re moving.
Nebraska is losing taxpayers. See where they’re moving.
When taxpayers vote with their feet, policymakers should listen. Nebraska endured one of the nation’s largest migration-caused losses of income between 2019 and 2020, according to taxpayer migration data released by the Internal Revenue Service. Nebraska’s net loss of annual income due to outmigration was nearly $500 million. The Wall Street Journal described the new...
By Michael Lucci
Nebraska’s 2022 tax cuts: What’s good & what’s not
Nebraska’s 2022 tax cuts: What’s good & what’s not
Nebraska entered the 2022 legislative session with its tax code ranked 35th in structural competitiveness, according to Tax Foundation’s 2022 State Business Tax Climate Index. The state will likely improve its position over the coming years as a result of tax changes made in LB873. However, projections show the state may only edge closer to...
By Michael Lucci
Platte Institute names new chair who will help guide Blueprint Nebraska growth plan
Platte Institute names new chair who will help guide Blueprint Nebraska growth plan
by Cindy Gonzalez, Nebraska Examiner North Platte, Nebraska, businessman Pat Keenan, whose career began in the soft drink industry, has been elected chairman of the nonprofit Platte Institute board of directors. Among the organization’s responsibilities is helping to activate economic initiatives in Blueprint Nebraska, a plan led by business and civic leaders to stimulate economic...
Get the facts about Nebraska’s high tax burden
Get the facts about Nebraska’s high tax burden
Two factors determine a state’s overall tax competitiveness. The first factor is the total tax burden, measured as a portion of state income. The second factor is the structure of the state’s tax code – the manner in which those revenues are collected. The goal for tax competitiveness in Nebraska, then, is to maintain a...
By Michael Lucci
Michael Lucci on Making Nebraska Taxes More Competitive
Michael Lucci on Making Nebraska Taxes More Competitive
Platte Institute Senior Policy Advisor Michael Lucci tells Jim Vokal an increasingly mobile workforce is prompting more states to take bold action on tax reform. A transcript of this episode is available below. If you’d like to watch this episode on YouTube, press play below. Or you can listen to the podcast on Spotify or...
3 Reasons to Post Nebraska Legislature Videos Online
3 Reasons to Post Nebraska Legislature Videos Online
Every bill introduced in the Nebraska Legislature receives a public hearing. In many ways, this is an extraordinary public service Nebraska offers. Nebraskans can bring numerous policy ideas to state senators, and as long as they can find a member willing to introduce legislation, those ideas will be considered by a legislative committee. Members of...
By Jim Vokal
Nebraskanomics: Iowa’s Incredible Tax Reform Turnaround
Nebraskanomics: Iowa’s Incredible Tax Reform Turnaround
Chris Ingstad of Iowans for Tax Relief joins Jim Vokal to update Nebraskans about major movements on tax policy in the Hawkeye State. A transcript of this episode is available below. If you’d like to watch this episode on YouTube, press play below. Or you can listen to the podcast on Spotify or Apple Podcasts....
4 Smart Ways Blueprint Nebraska Fixes Our Tax System
4 Smart Ways Blueprint Nebraska Fixes Our Tax System
Nebraska’s tax system funds critical government services. Though few people enjoy paying taxes, it’s worth tolerating a certain level of grumbling—and a certain level of sacrifice—to meet our commitments to the common good. But for a long time, many different groups of Nebraskans have been trying to tell their leaders they’re not happy with the...
By Jim Vokal
Voters support Blueprint Nebraska by 4 to 1 margin
Voters support Blueprint Nebraska by 4 to 1 margin
In a December 2021 poll, Nebraskans said there’s a relationship between the state’s high taxes and its economic challenges with growing the workforce and population. These voters agreed that eliminating state income taxes on the first $50,000 individuals earn would help us complete for workers. These are the same 812 voters who previously told us...
By Jim Vokal
Unicameral approves inheritance tax cut
Unicameral approves inheritance tax cut
The Nebraska Legislature has given final approval to Sen. Robert Clements’ Legislative Bill 310, which reduces Nebraska’s county-levied inheritance tax. The bill passed by a vote of 37-1. It now awaits the governor’s signature. With an amendment provided by the Legislature’s Revenue Committee and provisions from another inheritance tax-related bill by state Sen. Wendy DeBoer,...
By Jim Vokal