We have a brand new updated website! Click here to check it out!

Rich people should pay…wait, what am I worth???

Warren Buffett

OMAHA, Neb. (AP) – Billionaire Warren Buffett says it’s Congress’ fault that he and Republican presidential candidate Mitt Romney both pay much lower tax rates than middle-class workers pay.
Buffett talked to Bloomberg Television Monday after meeting with a Republican congressman who took him up on his offer to match any contributions to reduce the national debt. Virginia Rep. Scott Rigell met with Buffett over breakfast.
Buffett has argued for several years tax law should change, so people like him who make their money from investments pay a fair rate. Buffett says his tax rate was about 17 percent in 2010.
Romney has estimated his tax rate was around 15 percent. Buffett, who is a Democrat, says Romney shouldn’t be criticized for paying what’s required, but the law should be changed.

 

Platte River? (Don’t) Dam it!

Sen. Scott Lautenbaugh

LINCOLN, Neb. (AP) – A bill that would have explored the possibility of building a hydroelectric dam on the Platte River is dead.
The Nebraska Legislature’s Appropriations Committee killed the measure Monday after a hearing.
The bill by Omaha Sen. Scott Lautenbaugh would have allocated $2 million to examine the cost and benefits of a dam project in the Platte River valley. But the project likely would have flooded the town of Ashland and thousands of acres of farmland in Saunders County.
Elk Creek Sen. Lavon Heidemann, the committee’s chairman, made a motion to kill the bill. Lincoln Sen. Tony Fulton said the bill was broadly drafted and would take a lot more work to move forward.
Members voted, 6-0, to indefinitely postpone the bill.

 

 

Hey! Taxes! Leave those kids alone…

NE Governor Dave Heineman

LINCOLN, Neb. (AP) – Two Nebraska farm groups have endorsed Gov. Dave Heineman’s plan to repeal an inheritance tax collected by counties.
Leaders from the Nebraska Farm Bureau and Nebraska Cattlemen said Monday the plan would ease the burden on young farmers who receive agricultural land from their parents.
Nebraska Farm Bureau President Steve Nelson says the inheritance tax makes it difficult for new farmers because of the vast expanses of land needed to run an operation, and narrow profit margins.
County officials say the loss of revenue would force them to increase property taxes. Heineman has countered that counties should trim their spending, as the state did when it lost revenue after repealing Nebraska’s estate tax.
Heineman unveiled the plan during his State of the State address to lawmakers.

 

If you like it cold…better hang out in your fridge…

 

 

 

 

 

 

 

 

 

 

 

 

 

Today: A slight chance of rain and snow after noon. Mostly cloudy, with a high near 40. East wind at 9 mph becoming north. Chance of precipitation is 20%.

Tonight: Mostly cloudy, with a low around 15. North northwest wind between 3 and 9 mph. 

Wednesday: Sunny, with a high near 52. West wind between 6 and 11 mph. 

Wednesday Night: Mostly clear, with a low around 25. West northwest wind between 7 and 10 mph. 

Thursday: Mostly sunny, with a high near 51. Northwest wind between 9 and 15 mph, with gusts as high as 22 mph. 

 

Copyright Eagle Radio | FCC Public Files | EEO Public File