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Opinion

The impact of President Biden’s tax proposals on agriculture and small businesses

Many parts of the economy in our great state of Nebraska are thriving. However, the new slate of tax increase proposals coming from the Biden Administration will undermine the success of Nebraska, and states like it, by removing capital from family farms and small businesses at a time when we need to be encouraging economic growth.

Lawmakers overwhelmingly advance phase-out of Social Security Tax

Nebraska is one of 13 states that still tax Social Security benefits. Lawmakers have given overwhelming first-round approval to a 10-year plan to phase that tax out, but with a healthy price tag when fully implemented.

Building and growing without going in the hole

Nebraska is the least indebted State in the country because our state government, like our people, lives within its means. We take a common sense approach to finances. We pay as we go for new projects instead of taking on debt. This approach has helped us to build high-quality infrastructure and to grow Nebraska without mortgaging our future.

To our graduates

On weekends every May, families and communities across Nebraska come together to recognize our graduating seniors. Whether they are graduating from high school, college, or trade school, this is their time to shine. They have put in the work, they have completed what they started, and now they are being recognized for their achievements and they get to celebrate.

The high costs of private schools

Last week the Legislature debated Legislative Bill 364. This is a bill that promotes parents having more choices in the education of their children. Under LB 364, a limited tax credit would be authorized for people who donate money to provide scholarships to kids in poverty whose educational needs are not being met by their government school. This is especially important in those districts with failing public schools, where parents may understandably want their sons and daughters to attend a better performing private school.

The original American jobs plan

Last week President Biden delivered his first address to a joint session of Congress. He began by acknowledging the success of the COVID-19 vaccine development under the previous administration while touting its rollout under his own. Getting as many Americans as possible vaccinated is a key to reopening and rebuilding the economy across our country, and we should rightfully be proud of how quickly American ingenuity led to this lifesaving development. Unfortunately, President Biden’s remarks then moved on to his so-called American Jobs Plan, his wide-ranging proposal which is being sold as an effort to rebuild our infrastructure and get Americans back to work. While I have broad concerns about the size and scope of the President’s spending plans, I am most concerned that he is working rapidly to unwind many of the accomplishments, like regulatory and tax relief, which had our economy at record highs prior to COVID-19.

Lawmakers advance farm-to-school program

Every so often the Nebraska Legislature advances a bill that makes sense and causes one to wonder what took them so long. Take the Nebraska farm-to-school program, LB396, that would provide locally grown and minimally processed food to elementary and secondary school students.

Protect our land and water

Here in the Cornhusker State, agriculture and conservation go hand in hand. Nebraska’s farmers and ranchers are the original conservationists. Agricultural families in our state have been growing crops and tending livestock for generations. They know their land and animals better than anyone else and care deeply about them. Their livelihood depends on ensuring the land remains fertile—that’s why they are always working to improve it so that the next generation can continue their way of life.

Rebuilding core infrastructure

Infrastructure is in my DNA. My father was Jerry Strobel, a civil engineer who spent his entire career with the Nebraska Department of Transportation back when it was called the Department of Roads. He eventually became Director/State Engineer, serving under Republican Governor Kay Orr and Democratic Governor Ben Nelson.

LB409 property tax bill killed by filibuster

There have been three property tax reduction bills debated on the floor of the legislature this month. There will be more coming up. Two of these bills advanced to the next round of debate, and one has been killed. LB408 by Senator Briese was killed by a filibuster on a 29–8 vote. Thirty-three votes (two-thirds of all 49 senators) are required to invoke cloture and defeat a filibuster.