CREATED Feb. 6, 2013
Lincoln, NE - "I'm before you again this afternoon to introduce LB 405 on behalf of the governor, or as we otherwise refer to it around our office as the lobbyist full employment act of 2013", says Senator Beau McCoy as he introduced LB 405.
In a packed room in front of the Revenue Committee Governor Dave Heineman's tax reform bill went on to the testimonial podium.
Out of the gate the committee fired away question after question.
"How did you develop this list of exemptions?."
"So, in this whole conversation, shouldn't property taxes be considered in the conversation."
For the first time in 50 years Nebraska's legislature is discussing tax reform. The 135 page bill would eliminate individual and corporate income tax.
It would cut half of Nebraska's sales tax exemptions.
Senator Brad Ashford says the bill just makes sense.
"When you have 5 billion dollars worth of exemptions and 1.8 billion dollars worth of taxable sales, that's out of wack."
The governor says keeping retirees and young people in the state, job growth and giving the hard working Nebraskans a little extra money is this bill's goal.
"Nurses, hospital workers, factory workers, welders, electricians, teachers, firefighters, police officers, railroad workers, waitresses and every worker in Nebraska would no longer pay state income taxes on their wages."
In the overflow room...
"There's definitely some areas that need to be changed and fixed and I think that's really what this is all about."
Nebraskans listen and learn. Some are concerned bill 405 could hurt the agriculture industry.
"It appears this bill's not good for agriculture, that's why I'm here. To get a little more information, so far I've just got a history lesson."
As the discussion could continue long into the night.