• Home
  • Archives
  • Contact Us
    • About
  • Reporters
  • Affiliates
  • Affiliate Support
  • Sports

Nebraska Radio Network

Nebraska News and Sports

  • Legislature & Government
  • Politics
  • Economy
  • Agriculture
  • Husker Sports
  • All Topics
  • PostsComments
You are here: Home / Legislature & Government / Legislature advances bill which would give Social Security recipients a bit of a break

Legislature advances bill which would give Social Security recipients a bit of a break

April 2, 2018 By Brent Martin

Social Security recipients could catch a bit of a break under legislation moving through this legislative session.

Sen. Brett Lindstrom of Omaha sponsors Legislative Bill 738 which would tie the taxation of Social Security benefits to the rate of inflation, similar to the practice of other states.

“Our retirees provide immeasurable resources for our community,” Lindstrom tells colleagues. “They are speaking with their dollars and leaving Nebraska for border states who have either reformed Social Security or do not tax Social Security at all. We cannot afford our neighboring states to continue to profit off our losses.”

Yet, Sen. Paul Schumacher of Columbus sees a shifting tax burden, because of the political power of one class.

“The seniors are in a position where they have associations representing them,” Schumacher says. “They’ve got time to appear before the committee and they can plead a very good and worthwhile case. The people that are going to have to pay the bill are working.”

Indexing Social Security benefits to the rate of inflation would cost the state between $1.2 million to $1.3 million. It is estimated to affect approximately 330,000 Nebraskans.

LB 738 must pass two more legislative hurdles in the last few days of the legislative session to go to the governor’s desk.

 

 

 


Print pagePDF pageEmail page

Share this:

  • Google
  • Twitter
  • Facebook

Filed Under: Legislature & Government, News

Featured Stories

Speaker Scheer had hoped last minute agreement could be reached on property taxes (AUDIO)

Speaker Scheer regrets direction budget talks took (AUDIO)

Horse massage bill brings attention and breaks tension during Nebraska legislative session (AUDIO)

Formal request filed for Unicameral to reconvene in special session (AUDIO)

Repeal of prairie dog control law advances after popping up throughout session

TwitterFacebook

Huskers rally, but fall short against Mavericks

Huskers fall to Wildcats despite solid play from bullpen

Everything fans need to know for this Saturday’s Spring Game

Nebraska’s Tim Miles receives one-year contract extension

Frost reveals spring game format, expectations after Tuesday’s practice

More Big Red News

Husker Sports

Huskers rally, but fall short against Mavericks

Salvador Perez to join Omaha Storm Chasers Thursday

Huskers fall to Wildcats despite solid play from bullpen

Everything fans need to know for this Saturday’s Spring Game

Nebraska’s Tim Miles receives one-year contract extension

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2018 · Learfield News & Ag. LLC