By: Hollie Hojek
hhojek@kcautv.com
Nebraska Governor Dave Heineman's tax proposal early Tuesday afternoon, to eliminate state and corporate income tax by shutting off billions of dollars in tax breaks for businesses, has some folks scratching their heads; with one particular question on their minds.
"Where's the money coming from?"
"If you shut off income tax and corporate taxes, who's paying the bills?," questioned Rick Sebade, of Emerson, NE.
Sebade Has been in the Agriculture business for nearly 30 years. He says when it comes to taxes in general,\Nebraskans need a break.
"We are definitely over taxed, all of us are."
But Sebade is still skeptical when it comes to Governor Heineman's latest proposal to eliminate state and corporate income tax, essentially at the expense of tax breaks for big business.
"The way it looks to me is they are going to take away some of our deductions, which could affect us more than what the tax is."
In Tuesday's proposal, Governor Heineman did not specify what type of tax breaks for businesses would be eliminated, but he did say how much: $2.4 billion.
"It's a double edged sword. It's the same thing. You're going to have to pay for it one way or another. It's not going away," said Sebade.
Sebade says surrounding states currently without state income tax, like South Dakota and Wyoming are able to make up that money, with the tourism revenue their states bring in. Nebraska currently doesn't have that kind of revenue.
