Across the State of Nebraska, you may see the gathering of signatures to put the EPIC tax on the ballot to be decided on by the voters.
The EPIC tax, or eliminate property, income, and corporate tax, provides an opportunity to completely transform Nebraska’s complicated, outdated, and broken tax systema goal I certainly support.
For years Nebraskans have told me over and over again that rising property taxes are a top issue. And over and over again, the Nebraska Legislature passes property tax relief which only slightly decreases the problem.
I have brought legislation and voted in favor of property tax relief, but the relief only slows down the growing property tax burden with Nebraskans still paying more and more even when we pass so called “relief.”
By placing the EPIC tax on the ballot, Nebraska’s second house- the voters, have a chance to truly see some major relief.
In some cases, I have heard of my constituents buying or renting land in Kansas, a state with significantly lower property taxes.
Currently the Tax Foundation ranks Nebraska as having a worse property tax burden then every single one of our neighboring states and the 40th worst ranking state overall.
With our current tax system, we risk losing far too many farmers, businesses, and homeowners to nearby states that offer far more accommodating rates.
By passing the EPIC option, we have the opportunity to stay competitive and keep people who love Nebraska in their home state.
Some have voiced concerns that by removing the property, income, and corporate tax, and adding a consumption tax low-income families can be harmed.
Something worth considering is that the consumption tax only applies to new products. Used cars, appliances, and even homes would be completely consumption tax free with groceries also being exempt.
Furthermore, when a landlord or apartment owner faces skyrocketing property taxes, that increased cost is often directly reflected in increased rental costs for the tenant.
The reality is the EPIC option has the opportunity to grow the entire Nebraska economy while the current tax code picks winners and losers.
Ultimately, the EPIC tax option is a win for farmers, home owners, and middle-class families.
If you see an EPIC tax ballot, sign it and consider volunteering to collect signatures or donating to the cause at epicoption.org/donate.
