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 [...]

By |2024-02-19T18:51:54-06:00February 19th, 2024|Budget & Budget Process, Budget and Budget Process, Federal Tax & Budget, Federal Tax and Budget, Home Featured, Income tax, OpenSky, Revenue, Revenue|Comments Off on Nebraskans overwhelmingly support CTC expansion

OpenSkyLIGHTS: Focus on Nebraska fiscal policy (2/9/24)

$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, [...]

OpenSkyLIGHTS: Focus on Nebraska fiscal policy (2/2/24)

  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 [...]

By |2024-02-02T13:57:57-06:00February 2nd, 2024|Education, Education, Federal Tax & Budget, Federal Tax and Budget, Home Featured, OpenSky, Revenue, Revenue, Voucher|Comments Off on OpenSkyLIGHTS: Focus on Nebraska fiscal policy (2/2/24)

OpenSkyLIGHTS: Focus on Nebraska fiscal policy (1/26/24)

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 [...]

By |2024-01-26T13:56:06-06:00January 26th, 2024|Federal Tax & Budget, Federal Tax and Budget, Health Care, Healthcare, Home Featured, Income tax, OpenSky, Revenue, Revenue|Comments Off on OpenSkyLIGHTS: Focus on Nebraska fiscal policy (1/26/24)

Bipartisan federal legislation would expand Child Tax Credit

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 [...]

By |2024-01-25T15:52:20-06:00January 25th, 2024|Federal Tax & Budget, Federal Tax and Budget, Home Featured, Income tax, OpenSky, Revenue|Comments Off on Bipartisan federal legislation would expand Child Tax Credit

OpenSkyLIGHTS: Focus on Nebraska fiscal policy (1/19/24)

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 [...]

By |2024-01-19T13:29:59-06:00January 19th, 2024|Budget and Tax, Education, Education, Federal Tax & Budget, Federal Tax and Budget, Home Featured, Income tax, Nebraska, Revenue, Revenue|Comments Off on OpenSkyLIGHTS: Focus on Nebraska fiscal policy (1/19/24)

OpenSkyLIGHTS: Friday focus on Nebraska fiscal policy (1/5/24)

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 [...]

By |2024-01-05T11:10:05-06:00January 5th, 2024|Budget & Budget Process, Budget and Budget Process, Employment Opportunities, Federal Tax & Budget, Federal Tax and Budget, Home Featured, OpenSky, Revenue, Revenue|Comments Off on OpenSkyLIGHTS: Friday focus on Nebraska fiscal policy (1/5/24)

OpenSkyLIGHTS: Focus on Nebraska fiscal policy (11/03/23)

$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 [...]

By |2023-11-03T11:35:42-05:00November 3rd, 2023|Budget & Budget Process, Budget and Budget Process, Economic Development, Economic Development, Federal Tax & Budget, Federal Tax and Budget, Home Featured, Income tax, OpenSky, Revenue, Revenue|Comments Off on OpenSkyLIGHTS: Focus on Nebraska fiscal policy (11/03/23)

OpenSkyLIGHTS: Focus on Nebraska fiscal policy (9/29/23)

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 [...]

By |2023-09-29T10:27:05-05:00September 29th, 2023|Budget & Budget Process, Budget and Budget Process, Federal Tax & Budget, Federal Tax and Budget, Health Care, Healthcare, Home Featured, OpenSky, Revenue, Revenue|Comments Off on OpenSkyLIGHTS: Focus on Nebraska fiscal policy (9/29/23)

OpenSkyLIGHTS: Focus on Nebraska fiscal policy (9/15/23)

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 [...]

By |2023-09-15T15:39:15-05:00September 15th, 2023|Budget & Budget Process, Budget and Budget Process, Education, Education, Federal Tax & Budget, Federal Tax and Budget, Home Featured, Income tax, OpenSky, Revenue, Revenue, Voucher|Comments Off on OpenSkyLIGHTS: Focus on Nebraska fiscal policy (9/15/23)
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