A Nebraska state senator from the Panhandle is continuing his crusade to change Nebraska's tax system.
State senator Steve Erdman announced in his latest column the creation of the Consumption Tax Institute, Inc. The 501 c(4) organization is working on a strategy to put an initiative for a consumption tax on the 2022 ballot.
Erdman also unveiled epictax.org in his column. He says the website will tell people everything they need to know about the consumption tax. It also allows people to calculate what they would owe the state in taxes under the consumption tax.
The proposal would repeal state property, income, sales, inheritance and estate taxes and replace them with a tax on new goods and services at a rate of 9.8 percent.
The senator from Bayard introduced LR11CA to implement the consumption tax during the latest legislative session.
The constitutional amendment made it to general floor but failed to pass a first-round vote by two votes. If LR11CA had passed through the entire legislative process, the measure would have been put in front of voters.
With that route not panning out in his favor, Erdman now turns to a ballot initiative to make his idea a reality.
He wrote in his latest column the Consumption Tax Institute, Inc. will announce a petition drive to get the issue on the 2022 ballot sometime in the future.
You can read Erdman's full column below:
Allow me to introduce you to a new organization called, the Consumption Tax Institute, Inc. The Consumption Tax Institute, Inc. is a new 501-C4 organization, which is putting together a strategy to put an initiative for the consumption tax on the ballot for November 2022. At some point in the future they hope to announce the start of a new petition drive, but that announcement will have to wait for another day.
The reason that I am introducing you to the Consumption Tax Institute, Inc. today has to do with their website. I want to encourage all of my readers to visit the website of the Consumption Tax Institute, Inc. by going to www.epictax.org. This website will tell you everything you need to know about the consumption tax.
There is a new feature on the website that we are especially proud of and excited about. This week the folks at the Consumption Tax Institute, Inc. have posted a consumption tax calculator onto their website. The consumption tax calculator is a spreadsheet, which will compare your tax burden under the current tax code with your tax burden under the consumption tax. All you have to do is put in your own data and let the spreadsheet do the work for you.
A link to the consumption tax calculator can be found in the green ribbon at the top of the website. Click on the link in the green ribbon, then scroll down until you come to the header which reads, “Download the Calculator Here.” In order to use the calculator, you will need to download it onto your desktop. The calculator is completely private; no one will ever see your personal information.
After you download the calculator to your desktop, you will need to enter your family’s income and expense information. Even if you have to guess at some of the categories, the calculator will show you how much better life would be for you and your family under the consumption tax as opposed to the current tax code. So far, our experience has shown us that whenever someone uses the consumption tax calculator they are pleasantly surprised by the results.
If you have been a skeptic of the consumption tax in the past, then let the consumption tax calculator convert you into a newfound believer. We believe that when people begin to see how much lighter their tax burden would be under the consumption tax than under the current tax code, support for the consumption tax will begin to grow exponentially across our state. We want everyone to use the consumption tax calculator and to see for themselves why the consumption tax is so sorely needed and why it is the solution to all of Nebraska’s tax problems