Governor Heineman outlines his tax philosophy during a legislative hearing on his proposal to do away with the state income tax.
Governor Heineman outlines his tax philosophy during a legislative hearing on his proposal to do away with the state income tax.
Heineman answers a question posed by a member of the Legislature's Revenue Committee about what he wants in a tax code. . .
"in this state"
Heineman proposes eliminating the state individual and corporate income tax in exchange for the elimination of certain sales tax exemptions.
Governor Heineman makes his pitch to drastically change the state tax system during a legislative public hearing on his proposal to eliminate the state income tax.
Heineman proposes to do away with the individual and corporate income tax and offset the loss in revenue to the state by eliminating certain sales tax exemptions. Heineman contends getting rid of the state income tax would improve the Nebraska economy.
Heineman; "income tax"
The legislature would have to eliminate 2-point-4(B)Billion dollars in sales tax exemptions to make up for the loss of the state income tax.
Governor Heineman advocates for his proposal to eliminate the state income tax during a legislative heairng at the Capitol.
Heineman tells the legislature's Revenue Committee that some of the sales tax exemptions don't make sense. . .
Heineman; "very fair (laughter fades)"
The legislature would have to eliminate 2-point-4(B)Billion dollars in sales tax exemptions to offset the loss of revenue if it eliminates the state income tax.
Governor Heineman urges legislators to take a risk...and change the state tax system.
Heineman has proposed that the individual and corporate income tax be eliminated. To offset the loss of revenue, Heineman proposes doing away with 2-point-4(B)Billion dollars in sales tax exemptions.
Heineman tells members of the Legislature's Revenue Committee he understands such a drastic change poses risk...but. . .
Heineman; "best we can"
Heineman contends the change would improve the state economy.
(courtesy of Nebraska Radio Network)
