Wednesday, February 6, 2013

Omaha World-Herald worried that Heineman's new tax plan would hurt Medicaid; fails to mention plan would also eliminate huge exemption for newspapers

Nebraska Gov. Dave Heineman's plan to shift taxes from
income to sales will benefit the richest 20% of Cornhuskers,
and penalize everyone else. Photo: Lincoln Journal-Star
The Omaha World-Herald has run a story about the Open Sky Foundation's unflattering analysis of Gov. Heineman's GOP-inspired plan to shift taxes from income to sales in Nebraska (LB405 and LB406).
     What the World-Herald did not say was that one of the sales tax exemptions on the chopping block, the one for newspapers sold in Nebraska, is the fourth highest (of 27 sales tax exemptions) in Nebraska, amounting to an estimated $2,536,738 of lost tax revenue in 2014.
     Below is Rachel Maddow's explanation of how regressive this GOP tax strategy, touted by several Republican Governors, really is. The bill to benefit the wealthiest Nebraskans at the expensive of everyone else, was introduced by Elkhorn Senator Beau McCoy.




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