Omaha World-Herald: Tax-cut converts help package pass 1st test
By Paul Hammel
LINCOLN — A new, less ambitious tax-cut package won over enough converts in the Nebraska Legislature on Tuesday to push it to surprisingly easy, first-round approval.
The package, a compromise worked out earlier in the day by state legislators and Gov. Dave Heineman, was advanced on a 36-6 vote.
The tax cuts would cost about $56 million annually when fully implemented. That is less than half as much as the governor’s original plan, which would have cost $130 million a year. The compromise also dropped a proposed decrease in corporate income taxes and the elimination of an inheritance tax paid to counties… Read more
