Nebraskans overwhelmingly support CTC expansion
When the U.S. Senate is back in session next week, senators are expected to consider a bipartisan tax bill passed by the U.S. House of Representatives that would expand the federal Child [...]
When the U.S. Senate is back in session next week, senators are expected to consider a bipartisan tax bill passed by the U.S. House of Representatives that would expand the federal Child [...]
$146,200 When talking about taxes, we often divide Nebraskans into five groups based on income distribution. Statistically, the starting point for the 20% of top earners is about $146,000 in 2024 dollars, [...]
2 Two additional pieces of the governor’s plan to reduce property taxes paid to cities, counties and school districts will be discussed in today’s Revenue Committee hearing. LB 1414 adds a [...]
1 in 5 Today is National EITC Awareness Day, a chance to remind eligible workers of the Earned Income Tax Credit. The IRS has found that 1 in 5 eligible people do [...]
After Congress expanded the federal Child Tax Credit (CTC) in 2021, child poverty in the U.S. dropped to an all-time low of 5.2%. When the pandemic-era expansion ended, child poverty rebounded to [...]
80,000 Roughly 80,000 children in Nebraska families with low incomes would benefit from the proposed expansion of the federal Child Tax Credit. If approved, a married couple – with one parent earning [...]
155 Nebraska lawmakers introduced 155 measures in the first two days of the legislative session. Bill introduction continues through January 17 (Day 10). Among the bills introduced on Thursday was a proposal [...]
$8 million Projections by the Nebraska Economic Forecasting Advisory Board last week offered only minor changes to the forecasts that the governor and the Legislature use in formulating state spending. Even as [...]
29,000 Although many public benefit programs will continue during a federal government shutdown, which could start as early as this weekend, an extended shutdown would put vital nutrition assistance at risk for [...]
13.4% The latest assessment of poverty in America offered another reminder of the importance of policy choices in providing positive effects for generations to come. Census data show the nation’s child poverty [...]
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