Tax reform key priority for Nebraska Chamber in upcoming session
Making Nebraska's tax climate more competitive is one of the State Chamber's 2013 Legislative priorities. Barry Kennedy, Pres. of the Nebraska Chamber of Commerce and Industry says major tax reform needs to be accomplished to reduce the overall tax burden on taxpayers.
Kennedy says the state's highest effective tax rate starts at $27,000 of income, which means too many people are paying the same tax rate as the wealthiest Nebraskans.
Kennedy says Nebraska's corporate income tax rates also need to be more competitive. He says there are only two brackets now and a corporation gets to the high bracket at a fairly low level.
Kennedy says he also concerned there will be a lack of experienced leaders in the new session, with Speaker Mike Flood and several of the key committee chairs term limited out after last year's session.
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