Media Availability: Jim Vokal on Advancing Nebraska Tax Package

MEDIA AVAILABILITY with the Platte Institute

Contact: Adam Weinberg
(402) 500-0209
aweinberg@platteinstitute.org

Jim Vokal’s Statement on Advancing Nebraska Tax Package

OMAHA, NE — This is a statement from Platte Institute Chief Executive Officer Jim Vokal on the advancement of Legislative Bill 873, the Unicameral’s 2022 tax plan.

“While reducing taxes is certainly better than just spending the state’s excess revenues, senators repeatedly acknowledged a lot of work will be left unfinished if LB873 wins final approval. Other states, including Iowa, are moving faster and more strategically on tax reform. If Nebraska waits until 2027 to fully implement the plan, our state will still have the highest income taxes among our neighbors, and will be spending more than $1 billion on tax credit programs with no guarantee that local property taxes will have been held in check over those five years.

For taxpayers to get their money’s worth, the next Legislature and governor need to focus on tax modernization that gets to the root of our economic challenges—growing our workforce by making Nebraska a better place for everyone to earn a paycheck, creating certainty for property owners by permanently reducing property taxes, and making Nebraska competitive with the rest of the country by ending outdated policies like the county inheritance tax,” Vokal said.

Jim Vokal is available for comment on this developing story. To schedule an interview on this topic, or for more information, please contact Adam Weinberg at (402) 500-0209 or aweinberg@platteinstitute.org.

The Platte Institute advances policies that remove barriers to growth and opportunity in Nebraska. Visit PlatteInstitute.org/Media to find more Platte Institute media resources.