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President Ronald Reagan once said “The problem is not that people are taxed too little, the problem is that government spends too much.”
That simple quote rings true at all levels of government: from towns, cities and state capitols across the country, as well as in the federal government. Politicians and agencies are always eager to spend more of your money.
We are pleased that Nebraska Gov. Pete Ricketts is bucking the trend. Gov. Ricketts has unveiled his budget proposal to deal with the state’s shortfall by cutting government spending, while also providing a bold tax reform plan to help grow our economy.
Gov. Ricketts’ budget plan includes measures to address nearly $300 million of the state’s budget gap as well as balance the budget through the fiscal year ending in June. These are the right steps toward controlling government spending in Lincoln and establishing a culture of responsibility in the future.
As for tax reform, we’ve seen on a federal scale that tax reform helps grow the economy. Here’s a list of businesses that are providing employees significant bonuses due to recently passed federal tax relief. That’s just common sense. Federal tax reform is already inducing companies to give their employees higher wages and bonuses. We want to bring that same level of economic opportunity and prosperity to Nebraska.
We support tax reform that puts Nebraska workers first, addresses the property tax problem and reduces the income tax burden. LB 947, the Nebraska Property Tax Relief and Opportunity Act, would not only put more money in your pocket, but invite more small business growth and job creation throughout the state. More business means a stronger economy and more opportunity for our citizens.
We’re encouraged by these moves from Gov. Ricketts and hope they will spur the Nebraska Legislature to make responsible decisions when it comes to taxation, spending and the economy.
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