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Nebraska leaders and groups respond to tax plan

(MGN)

Nebraska representatives and groups were split with their reaction to the late-night Senate passage of a new tax plan.

Senator Deb Fischer released the following statement after voting in support of the legislation:

Congress is following through on a once-in-a-generation opportunity: delivering tax relief to families in Nebraska and across the country. The first comprehensive, pro-growth, tax cuts and tax reform bill in 31 years is just one step away from the president’s desk. Because of this legislation, many Americans will have bigger paychecks, our businesses will have more opportunities to invest and grow, and our country will regain our competitive edge in the global marketplace.
“This bill also creates the first nationwide paid family leave policy in U.S. history. I worked with families and stakeholders for four years on this historic provision. It will impact the everyday lives of working women and families in a positive and meaningful way.


Nebraska Democratic Party Chair Kleeb released the following statement about the tax bill:

Republicans decided giving our hard earned money to wealthy corporations in the form of a ‘tax cut’ is better than actually reforming the tax system for middle-class and working-class families. The bill of goods the Republicans are selling the country is that somehow large corporations are going to take this windfall of money and ‘invest’ those funds into workers is reason enough never to vote for a Republican again. Corporations are sitting on trillions in profit right now and income inequality is getting wider and wages are stagnant. The Nebraska Democratic Party is committed to standing with voters across our state to elect people in 2018 who actually care about our families.


Senator Ben Sasse released the following statement after the Senate passed a tax reform package, including the repeal of Obamacare’s individual mandate:

Repealing Obamacare's individual mandate is a very big deal - for Constitutional even more than for policy reasons. Here's what that mandate did: It made it illegal for American families not to buy a particular product, defined by Washington bureaucrats. Never before has there been such a federal law. It was crazy and wrong. And in practice, it meant that families were presented with a terrible decision: either pay a federal fine or pay an unaffordable price for one of the crummy choices still available on the exchanges. Not anymore. Republicans still need to keep our repeal and replace promise, but tonight the Senate took an important step to save families from Obamacare’s worst provision.

Paul Theobald, Democratic candidate for the 3rd District, released the following statement:

This is a very sad day for Americans--huge hand-outs for the already fabulously wealthy, and tax increases for many middle class Americans. Now Speaker Ryan is laying the groundwork for large cuts to social security, Medicare, and Medicaid in order to pay for these hand-outs. For the super-wealthy, these programs are a bookkeeping nuisance, pocket change of no significance whatsoever. For the rest of us, these programs are the difference between leading dignified lives and living in poverty. One can't help but wonder how individuals, already wealthy beyond measure, can rationalize something so unspeakably unjust.

Jane Raybould, who is running against Sen. Deb Fischer for U.S. Senate, released the following statement

Senator Fischer calls her vote for Mitch McConnell’s tax plan a ‘once-in-a-generation opportunity,’ and my opponent is not wrong about that. This perilous bill, the final contents of which the people of Nebraska are still learning about, is in fact a vote that only comes once-in-a-generation because it’s record-breaking cost will pass at least $1.5 trillion in debt to our children and grand children. And for what gain?

Steve Nelson, president of the Nebraska Farm Bureau released the following statement regarding tax reform:

The actions of both the House and Senate to approve the conference report on the Tax Cuts and Jobs Act (H.R. 1) pushes us near the finish line in delivering tax reform that encourages economic growth, while lowering the tax burden for most Americans, including farmers and ranchers.
This legislation addresses numerous tax related issues of interest to Nebraska farm and ranch families. Lower rates for pass-through businesses, the ability to continue to deduct normal and customary business expenses, expansion of Sect. 179 business expensing, as well as unlimited immediate expensing, were needed. Equally important is that fact that farmers and ranchers will continue to be able to fully deduct property taxes on agricultural land as a business expense.
Furthermore, we appreciate the inclusion of provisions that help farmers and ranchers manage their cash flow and tax liabilities, such as the continuation of cash accounting and like-kind exchanges for buildings and land.”
While we would prefer immediate repeal of the estate tax, the legislation doubles the estate tax exemption indexed for inflation, and continues the allowance for spousal transfer. These measures are a positive and immediate step that will ease the estate tax burden on farm and ranch families.

Think-tank OpeSky Policy Institute representatives said they're concerned about cuts to programs like medicare and crop insurance, with the plan, according to some reports, potentially adding more than $ trillion to the national debt.

Trickle down economics didn't work in Kansas. You know, it didn't work with the Bush or the Reagan tax cuts so we haven't seen any research to show that it would generate enough growth to pay for themselves.

Conservative group Americans For Prosperity - Nebraska's State Director Matt Litt released the following statement:

We commend Sen. Fischer and Sasse and the entire Nebraska delegation for making this historical tax reform bill a reality for Nebraskans. Their hard work and leadership on this issue has helped deliver meaningful tax reform that will grow our local businesses and deliver tax relief to hard-working Nebraska families. We also applaud Congress and the Trump White House for their commitment to get tax reform done before the end of the year.


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