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MichMan

(15,875 posts)

6. Can someone explain how cuts in Federal income taxes are directly causing the states to lose revenues?

Reply to Omaha Steve (Original post)

Wed Sep 3, 2025, 08:41 AM

Sep 3

DOR’s analysis spanned the next four fiscal years ending in 2029. It surmised that the expected losses in corporate and individual income tax revenue will cost Nebraska more than $406 million over those four years.

Are they saying that things like the $6000 tax credit for seniors and the lifting of the SALT caps all cost the state money?

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Highlight:

'One Big Beautiful Bill' projected to cost Nebraska over $216 million in tax revenue (over 2 years) [View all] Omaha Steve Sep 3 OP

The big butt ugly bill UpInArms Sep 3 #1

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Or as TACO would say ... marble falls Sep 3 #5

Can someone explain how cuts in Federal income taxes are directly causing the states to lose revenues? MichMan Sep 3 #6