Opponents speak out against eliminating income tax - News, Weather and Sports for Lincoln, NE; KLKNTV.com

Opponents speak out against eliminating income tax

Posted: Updated:

By: Bill Schammert
bschammert@klkntv.com

There are several groups against this tax reform.  From farmers to non-profits to some prominent business organizations, many say the sales tax exemptions needed to make up for the lost revenue will hurt Nebraska greatly.

"A sound tax policy is to have a diversified mix of taxes that includes broad sales, income, corporate and property taxes," Renee Fry said.  Fry spoke at Wednesday's hearing on LB-405 on behalf of the OpenSky Policy Institute.

Through the elimination of many sales tax exemptions, Fry told the legislature's Revenue Committee that the bill would actually raise taxes on Nebraskans making more than $91,000 a year, or 80-percent of workers.

"If we get rid of the income tax, we are shifting the tax burden from high income earners, to low income earners," Fry said.

Many students at UNL would also take a hit.  If passed, LB-405 would cost the average student living on campus about $650 more per year.

"For incoming freshman who are required to live on campus, this required cost could be a barrier to coming to the university," Meg Brannen with UNL's Residence Hall Association said.

One of the largest impacted groups would be Nebraska farmers.  Gale Lush of Wilcox estimates the bill would cost him about $20,000 a year.

"At the end of the day, all us farmers want to do is stay in business," Lush said.  "Whether we get hit by a train as LB-405 would, or get hit by a bus, the end result will not be much different."

Both the Nebraska and Lincoln chambers of commerce also spoke out against the bill.

The Omaha Chamber of Commerce stayed neutral.

  • Most Popular StoriesMost Popular StoriesMore>>

  • BREAKING: Major water issue in Seward

    BREAKING: Major water issue in Seward

     "Emergency Notice: DO NOT CONSUME ANY CITY WATER DUE TO UNKNOWN CONCENTRATIONS IN THE WATER! 

    More >>

     "Emergency Notice: DO NOT CONSUME ANY CITY WATER DUE TO UNKNOWN CONCENTRATIONS IN THE WATER! 

    More >>
  • Why didn't the National Weather Service issue a severe thunderstorm warning for Lancaster County?

    Why didn't the National Weather Service issue a severe thunderstorm warning for Lancaster County?

    Photo by:  Andrew JohnsonPhoto by: Andrew Johnson

    POSTED BY: Channel 8 Eyewitness News 8@klkntv.com The National Weather Service didn't issue a severe thunderstorm warning for Lancaster County early this morning around 1:00 a.m., the same round of storms that caused a majority of the tree damage throughout Lincoln.    Channel 8 Eyewitness News Meteorologist Dean Wysocki asked the National Weather Service (NWS) why a severe thunderstorm warning wasn't issued?  Brian Smith with NWS said peak wind speeds at the Lin...

    More >>

    POSTED BY: Channel 8 Eyewitness News 8@klkntv.com The National Weather Service didn't issue a severe thunderstorm warning for Lancaster County early this morning around 1:00 a.m., the same round of storms that caused a majority of the tree damage throughout Lincoln.    Channel 8 Eyewitness News Meteorologist Dean Wysocki asked the National Weather Service (NWS) why a severe thunderstorm warning wasn't issued?  Brian Smith with NWS said peak wind speeds at the Lin...

    More >>
  • Eclipse Forecast: 50% of sky will be covered with clouds

    Eclipse Forecast: 50% of sky will be covered with clouds

    POSTED BY:  Channel 8 Eyewitness News 8@klkntv.com The Channel 8 Eyewitness News Weather teams predicts there will be some clouds in the sky tomorrow for the eclipse but only 50 percent of the sky will be filled with clouds.  Rain is expected in the morning but skies will clear during the eclipse.   The total eclipse will happen at 1:03p.m. tomorrow in Lincoln and mid to high level clouds are predicted.   You can see through mid to high level clouds so you s...

    More >>

    POSTED BY:  Channel 8 Eyewitness News 8@klkntv.com The Channel 8 Eyewitness News Weather teams predicts there will be some clouds in the sky tomorrow for the eclipse but only 50 percent of the sky will be filled with clouds.  Rain is expected in the morning but skies will clear during the eclipse.   The total eclipse will happen at 1:03p.m. tomorrow in Lincoln and mid to high level clouds are predicted.   You can see through mid to high level clouds so you s...

    More >>
Powered by Frankly
All content © Copyright 2000 - 2017 KLKN. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.