ThinkTech Hawaii: Tax Reform Blueprint in Nebraska (Talking Tax)

Attracting People and Opportunities. The host for this show is Jay Fidell. The guests are Tom Yamachika and Jim Smith.

Blueprint Nebraska, a campaign dedicated to increasing Nebraska’s economic growth and competitiveness over the next decade, has released its proposed framework for bringing Nebraska’s tax system into the 21st century.

Blueprint Nebraska’s Taxation & Incentives Industry Council took insights from surveys, public forums, and tax policy research to develop a plan that gives Nebraska a regionally-competitive tax climate that is more inviting to workforce talent.

The headline benefits for Nebraskans include allowing taxpayers to earn up to $50,000 free of state income tax, dedicating an additional $2 billion to property tax relief over the next ten years, and an elimination of Nebraska’s inheritance tax. This is in addition to new student loan relief programs and a doubling of Research and Development investments.

We discuss what lessons Hawaii might be able to learn from Nebraska’s efforts to attract people and opportunities.