Friday, January 18, 2013

Nebraska governor proposes ending state income, corporate taxes

The revolution has begun.  States will show the way for the Federal government.
Gov. Dave Heineman proposed an ambitious plan Tuesday to scrap Nebraska's income and corporate taxes while eliminating as much as $2.4 billion in sales-tax breaks for businesses, with all industries except for food on the bargaining table.

The Republican governor unveiled his tax overhaul plan and budget proposal in his annual State of the State address to lawmakers.

"Are we going to be satisfied with a mediocre tax system that won't create the jobs of the future for our sons and daughters?" Heineman asked. "Or, are we willing to consider reforming the tax code so that we have a modern, simpler and fairer tax code? Are we willing to consider a bold, innovative and strategic tax reform plan that would create a top ten business climate in Nebraska?"

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