Heineman calls for $500-million in tax relief for Nebraskans - KTIV News 4 Sioux City IA: News, Weather and Sports

Heineman calls for $500-million in tax relief for Nebraskans

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LINCOLN, Neb. (KTIV) -

LINCOLN, Neb. (KITV)- Nebraska governor Dave Heineman renewed his push, Wednesday, for property and income tax cuts in his last year in office. The amount of relief could be historic.

Governor Dave Heineman last managed to pass a big tax cut package in 2007. It totaled $425-million. With the state's coffers overflowing, Heineman wants to cut taxes again. Gov. Dave Heineman, (R) Nebraska says, "The bottom line is this: taxes are too high in Nebraska and we can do something about it."

Heineman proposes spending up to $500-million of the $674-million in the state's cash reserves over the next three years. It's tax money that Heineman wants to give back. Gov. Dave Heineman, (R) Nebraska says, "Nebraska is over taxing its citizens right now, and we need to change that." But, only lawmakers can, So, Heineman asked the Unicameral's Revenue Committee to lower taxes on Nebraska's middle-class families, farmers, ranchers and small business owners. Gov. Dave Heineman, (R) Nebraska says, "I am willing to work with you anytime, anywhere to develop a responsible and meaningful tax relief plan. Nebraska can afford tax relief."

It's something Senator Dave Bloomfield, of Hoskins, tried to get done last year. Sen. Dave Bloomfield, Hoskins says, "Why not this year? I've always thought we're taking too much money from our people."

Senator Jim Scheer, of Norfolk, likes the sentiment, but disagrees with the governor's philosophy. He worries what happens if there's another economic downturn. Sen. Jim Scheer, Norfolk says, "You look back to 2009 at a time when the economy went south, and our reserves were approximately the same level that they are right now. And, they got down to about $350-million." Back then, Scheer says, Nebraska would have gone "in the hole" without a $400,000 bailout from the federal government. Sen. Jim Scheer, Norfolk says, "So, when I look at that $700-million number, I look at what it would cost us to do everything ourselves, next time. And, I'm not banking on the federal government helping us out next time."

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