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May 25: Platte Institute Hosts North Platte Tax Relief Town Hall
Senators Groene, Hughes & Williams Provide Solutions for Reform
NORTH PLATTE, NE (May 10, 2016) – The Platte Institute for Economic Research will host a panel and town hall program with Nebraska State Senators Mike Groene (District 42-North Platte), Dan Hughes (District 44-Venango) and Matt Williams (District 36-Gothenburg) on the subject of comprehensive tax reform in the 2017 Nebraska legislative session.
The event is the first live town hall program in Western Nebraska as part of the Institute’s Strong Roots Nebraska campaign for tax relief. The town hall will be held on Wednesday, May 25, 2016 at the Quality Inn & Suites Sandhills Convention Center (2102 S. Jeffers St. North Platte, NE 69101) from 5:30–6:30 p.m. CT
Comprehensive tax reform means looking at Nebraska’s whole tax structure to make changes that better promote economic growth by expanding the tax base and reducing tax rates. Free event registration is available online for the public and the media at taxtownhall.eventbrite.com. An event flyer is attached in PDF format.
The Platte Institute’s Strong Roots Nebraska campaign engages Nebraskans about the need for tax relief to address state economic challenges — including job and wage growth, retirement security, and out-migration — and provides workable solutions for creating a more attractive tax climate.
The program entitled, “Where’s the Tax Relief?: What will it take to make meaningful reforms to Nebraska’s tax system?” will include a panel segment hosted by Platte Institute CEO Jim Vokal and a town hall-style segment with open format questions and comments from the audience.
“Voters have been crystal clear that tax relief is a top priority for them. But Nebraskans of all political backgrounds have been underwhelmed by the pace of change in the Legislature, and feel that more needs to be done to address the state’s tax policies,” said Jim Vokal, Chief Executive Officer of the Platte Institute. “The Band-Aid approach to tax relief isn’t working because any gains can easily be undone by changing circumstances at the state and local level. This tax relief town hall will give the senators an opportunity to put forth bigger, bolder options for reform and get immediate feedback from constituents,” said Vokal.
The Tax Foundation ranks Nebraska’s state and local tax policies on the high side for the region and the country. Per person property tax collections rank 13thhighest in the country, while the state’s top personal and corporate income tax rates rank 16th highest. Nebraska also levies other economically inefficient taxes many states are turning away from, including taxes on tangible personal property and inheritance taxes.
Nebraska’s business tax climate is ranked 27th, behind every neighboring state except Iowa and worse than the top five states that have received the most income from Nebraska due to tax migration since 1992 (Texas, Florida, Arizona, Colorado and Missouri).