skip to main content
skip to newscasts

Saturday, November 23, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump suffers first defeat but as always doubles down for the next fight; From Ohio to Azerbaijan: How COP29 could shape local farming; Funding boosts 'green' projects in Meadville, PA; VA apprenticeships bridge skills gaps, offer career stability.

view newscast page
play newscast audioPlay

Trump has a new pick for Attorney General, his incoming "border czar" warns local Democratic officials not to impede mass deportation, and the House passes legislation that could target any nonprofit group accused of supporting terrorism.

view newscast page
play newscast audioPlay

The CDC has a new plan to improve the health of rural Americans, updated data could better prepare folks for flash floods like those that devastated Appalachia, and Native American Tribes could play a key role in the nation's energy future.

NE Lawmakers Consider Dropping Tax on Social Security Income

play audio
Play

Monday, February 14, 2022   

A bill designed to eliminate state taxes on Social Security benefits by 2025 is making headway in the Nebraska Legislature.

Sen. Brett Lindstrom, R-Omaha, introduced LB 825 and pointed out that states such as Florida and Texas are a lot warmer in the winter, and do not tax Social Security benefits. He said he sees the measure as an important step to keep retirees in Nebraska.

"Not only are they engaged in community service, philanthropy, they want to stick around with their kids and grandkids," said Lindstrom. "And I don't want it to be where the state is burdensome from a taxation standpoint to force them out to other states that don't have that."

Nebraska is one of only 12 states that currently taxes Social Security benefits. Last year after some lawmakers voiced concerns about lost revenues, they approved cutting taxes on benefits by just half by 2025.

The new law would eliminate the tax altogether in the same timeframe. LB 825 cleared its first reading with a 42 to nothing vote, and will need to clear the Appropriations Committee before it can get a final reading.

Lindstrom said the state can afford to put money back into the pockets of Social Security beneficiaries, because government spending has been held near the average rate of inflation. He added that economic forecasts are strong based on revenues over the last 12 to 18 months.

"And we have $400 million plus in revenues above that forecasting," said Lindstrom. "And because we have been prudent with how we spend, it allows us to take the steps to eliminate the tax on Social Security income."

Nebraskans age 50 and older made up just 34% of Nebraska's population in 2018 but supported 566,000 jobs across the state and generated $33 billion in wages and salaries, according to analysis by AARP.

Older Nebraskans also contributed more than $2 billion in unpaid caregiving for family members.

Support for this reporting was provided by the Carnegie Corporation of New York.




get more stories like this via email
more stories
The smoking rate among adults in Maryland is 9.6%, much lower than the national average of 12.9%. (Adobe Stock)

Health and Wellness

play sound

A new report on lung cancer by the American Lung Association showed Maryland has quite a bit of room to improve diagnoses and treatment but experts sa…


Social Issues

play sound

La Niña is bringing a cooler, wetter winter to Oregon and likely driving up heating bills as systems work harder. This is the third year of …

Environment

play sound

The number of pedestrians and bicyclists killed on roadways in the U.S. has nearly doubled in the past 12 years and a New Mexico researcher wants to …


Social Issues

play sound

CLARIFICATION: We updated language to clarify the timing for when the study's authors began tracking certain outcome measures for children within the …

Health and Wellness

play sound

By Kyla Russell for WISH-TV.Broadcast version by Joe Ulery for Indiana News Service reporting for the WISH-TV-Free Press Indiana-Public News Service C…

Social Issues

play sound

A recent study from Florida Atlantic University highlights a concerning rise in alcohol-related deaths across the United States, with mortality rates …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021