“Governor Heineman’s tax proposal is skewed to benefit the wealthiest individuals in our state, at the expense of our middle class families,” said Senator Jeremy Nordquist. “This handout to the rich will undoubtedly jeopardize our ability to invest in a strong education system and a competitive workforce.”
Under Governor Heineman’s proposal:1
- The top 5% of filers receive more from the Governor’s giveaway than the bottom 60% of Nebraskans.
- The top 1% of filers will receive an average tax giveaway that is more than 14 times the amount given to the middle 20% of taxpayers.
“The Governor’s handout to the wealthiest in our state will drive our state budget off a cliff by creating a $637 million budget shortfall in the next couple of years,” said Nordquist. “This budget reality that the Governor is refusing to address will require deep cuts to the budget, and it will likely be cut from K-12 education, higher education, and job training programs that keep our state’s workforce competitive and make Nebraska a great place to live for middle class families.”
1Open Sky Policy Institute analysis of data provided by Nebraska Department of Administrative Services Budget Division and Institute for Taxation and Economic Policy.
