Thread by @CMaxwellOstdiek

Watching Nebraska Legislature Revenue Committee & think important to point out that the proposed corporate/individual income tax reductions are for the top earner brackets only. It was specific choice to EXCLUDE working families & smaller businesses from these packages. /1 #neleg

I have reviewed the fiscal notes and highlight that Senator von Gillern's LB806 to change individual income tax rates is ONLY for highest bracket. Lower income Nebraskans get no relief. The fiscal note for the first year is $300M and $150M in the second year. /2

LB804, introduced by Senator von Gillern, proposes lowering corporate income tax rates for ONLY the top bracket. Smaller Nebraska corporations get no relief. The fiscal note for the first year is $60M. /3

Senator Linehan's LB754 to reduce individual and corporate income tax rates will ONLY provide relief for the top brackets. The total fiscal note for the first year is $220M and continues to reduce Nebraska revenue more each year and reaches $734M in sixth year. /4

Our Legislative Study Group shares @NebPublicMedia's #neleg Livestreams and recommend viewing the recording of today's Revenue Committee Hearing at this link. /5

youtube.com/live/EPhl9ftWE…