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Tax cuts, roads bonding proposals await debate


by Fred Knapp, Reporter/Producer, NET News
Sen. Lou Ann Linehan speaks as other Revenue Committee members look on (Photo by Fred Knapp, NET News)
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Fred Knapp, Reporter/Producer, NET News a href https://twitter.com/fredmknapp/ img src /sites/default/files/t+.png? /a
April 1, 2021 - 3:52pm
As the Nebraska Legislature prepares to debate major tax and spending proposals, members of the Revenue Committee are touting a package of tax cuts they are proposing. And senators are talking about a proposal that will be debated to allow borrowing up to $450 million to speed up construction of expressways and other roads. ....

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Could Nebraska's proposed tax cuts be blocked by federal COVID relief bill?


Inside the COVID relief package passed by Congress: multiple measures aimed at providing targeted help for some of the lowest-earning Americans.According to the Tax Policy Center, the poorest one-fifth of Americans will see 20% higher incomes this year, thanks to $1,400 stimulus checks and an expanded child tax credit.That child tax credit was raised from the customary $2,000 per year per child to $3,000 per year for children aged 6-17, and $3,600 for children under 6. Plus, the credit will pay out on a monthly basis, meaning most American families with children may actually see monthly payments between $250 and $300. Advocates say those payments could cut the number of children living in poverty by nearly half.Also tucked into the bill: $39 billion in relief distributed to states to help struggling child care centers and money to fund the pensions for reportedly more than a million unionized retirees whose pensions are near collapse. Additionally, the bill contains expanded ....

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