Open Sky Policy Institute: Amid budget woes, plan calls for tax cuts for the wealthy

LB 461, the tax-cut package put forth by the Revenue Committee, is first and foremost an income tax cut for wealthy Nebraskans and the proposal does little to truly address property tax relief. In fact, LB 461 is fundamentally flawed in a way that makes it more likely to exacerbate, not help, Nebraska’s reliance on property taxes to fund K-12 education. Furthermore, some Nebraskans would actually pay more in overall taxes under LB 461.

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