February 4, 2013

Open Sky Policy Institute: 80 percent of Nebraskans would see tax increases if income taxes are cut

ITEP Work in Action

A move to cut income taxes in favor of higher sales taxes will lead to tax increases for 80 percent of Nebraskans, a report by the OpenSky Policy Institute shows.

“State economies flourish when policies are enacted that strengthen the middle class. LB 405 and LB 406 don’t work in that way,” said Renee Fry, executive director of the OpenSky Policy Institute. “Nebraskans who makeless than $91,000 a year will experience tax increases under these bills.”

Read the Full Report (PDF)