One of my priorities in office is to provide regular communications with Nebraskans that move beyond the simplistic talking points out of Washington. I call it the Fort Report. The weekly column provides in-depth takes on policy and cultural trends.
In a Local View column by University of Nebraska at Omaha professor of finance Jeff Bredthauer (“Americans need accurate fiscal data,” Nov. 8), the professor was particularly concerned with a line from the Fort Report, "Good Economic News," that read: “Around $1.2 trillion in accumulated earnings of U.S. multinationals stored overseas have been brought back home.”
Although some analyses pointed to it, we should not have stated this simplified and annualized repatriation projection as a fact. When we do pieces that attempt to simplify more technical subjects, there is a danger of error. And this was my mistake.
I am grateful that our economy continues to boom, providing meaningful work opportunities for so many people. Tax reform and a right-sized regulatory environment have helped.
You have my assurance that I will continue to strive to provide timely, accurate and substantive perspectives on the most complex issues facing Nebraska and America.
U.S. Rep. Jeff Fortenberry, Lincoln