D.C. think tank backs Platte Institute's tax cut proposal (NE will be the new Kansas?)

http://www.omaha.com/news/nebraska/d-c-think-tank-backs-platte-institute-s-tax-cut/article_d69cc3fa-f64b-510a-b834-8566e8a92eb8.html

POSTED: TUESDAY, DECEMBER 9, 2014 11:00 AM
By Paul Hammel / World-Herald Bureau

LINCOLN — A Washington, D.C.-based tax policy think tank has endorsed a Nebraska group’s plan to cut taxes in the state.

Representatives of the Tax Foundation on Tuesday said they support a tax plan proposed by the Platte Institute, a conservative-leaning think tank based in Omaha that was founded by Gov.-elect Pete Ricketts.

The Platte Institute’s “Strong Roots Nebraska” plan, released in September, calls for a gradual reduction in the state’s top income tax rate to 5 percent, a 1-percent-a-year reduction in state spending and a freeze for local property tax levies.

Jim Vokal, the institute’s director, called the plan “a sensible approach to creating a better tax climate” that would make Nebraska more competitive with neighboring states.

FULL story at link.



PAUL HAMMEL/THE WORLD-HERALD

Jim Vokal, CEO of the Platte Institute, announced the endorsement for the Institute's tax reform plan on Dec. 9, 2014.