Nebraska Chamber of Commerce: Cut the top state income tax rate

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Posted: Tuesday, August 6, 2013 12:00 am

LINCOLN — The Nebraska Chamber of Commerce and Industry, a heavyweight in forging state tax policy, is recommending that the state slash its top rates for individual and corporate income taxes.

The chamber argues that Nebraska should reduce its top rate to 5.5 percent to become more competitive with its neighbors. The state's top rate on individual income taxes is now 6.84 percent, which is 16th-highest in the nation and higher than all neighboring states except Iowa.

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