Opposition coalition "No New Taxes Nebraska" launches against EPIC Option tax ballot initiative, aiming to replace property, income, inheritance, and corporate taxes with a consumption tax.
Opposition coalition "No New Taxes Nebraska" launches against EPIC Option tax ballot initiative, aiming to eliminate all property, income, inheritance, and corporate taxes and replace with a consumption or sales tax. Critics claim that EPIC tax proponents' 8% tax estimate is misleading, with economic studies showing a 22.1% rate would be needed to replace current revenue for state funding. The opponents argue that the tax could devastate the state's economy and eliminate local government control by taking away property taxes.
March 14, 2024
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