OpenSky statement on LB 337

OpenSky statement on LB 337

For immediate release – Jan. 30, 2017

LINCOLN — The following is a statement from OpenSky Policy Institute Executive Director Renee Fry on LB 337, which was discussed by the governor and others at a news conference on Monday:

“LB 337 is unlikely to help struggling small businesses as many are unlikely to have enough income to receive any tax cut at all under the measure. Almost 90 percent of the tax cut would go to wealthiest Nebraskans. The bill also would reduce revenue needed to fund schools, public safety and other services that support our state’s businesses, such the Department of Economic Development. LB 337 also would reduce revenue that could help Nebraska lessen its reliance on property taxes, which is the top concern of Nebraskans when it comes to taxes.

“Income tax cuts have not grown Kansas’ economy and there’s no reason to believe that would be any different here in Nebraska.”

View more data about the effects of LB 337.

Contact Chuck Brown at cbrown@openskypolicy.org or 402-610-1522 for more information.