Ricketts: Cut budget, reduce taxes

[TexasTowelie]

LINCOLN -- Gov. Pete Ricketts presented the Legislature Thursday with an agenda that combines proposed income and property tax reductions with state budget cuts and restrained spending growth.

"The reductions we make to the budget to balance it and continued attention to controlling spending will allow us to cut taxes and grow Nebraska," the governor said in his State of the State speech to the Legislature.

"This isn't easy," Ricketts acknowledged. "It will require Nebraska grit."

Ricketts said he will partner with Sen. Jim Smith of Papillion, chairman of the Legislature's Revenue Committee, to propose a gradual reduction in the top state income tax rate beginning in 2020 as long as state revenue growth exceeds 3.5 percent at the time.

Read more: http://siouxcityjournal.com/news/local/ricketts-cut-budget-reduce-taxes/article_40442c79-330d-5ac4-a449-ca0f7623b242.html

[Wellstone ruled]

1. This will be interesting to watch.

Couple of things that people have to realize is,Nebraska has one major road across it. And that requires tons of dollars,and without that road being maintained,Nebraska could kiss it's business good bye and the State will returned to a dust bowl. Nebraska has the habit of attracting Industries that pay low wages and require State and Federal Programs to subsidize these low wage Industries. So good luck with the Tax Cut idea. If you want a preview,look at your neighboring State of Kansas.

[TexasTowelie]

2. I've been stating in a joking manner

that Nebraska has decided to rename itself North Kansas.

[Wellstone ruled]

3. Understand my good man.

Key will be,what will Warren Buffet tolerate. You and I know where the Bear craps in your state.

[msongs]

4. so is there a force shield that prevents nebraskans from seeing what has happened to Kansas recently