Plan to drop inheritance tax ripped (Ne Gov. gift to the rich)

[Omaha Steve]

http://www.omaha.com/article/20120126/NEWS01/701279999#plan-to-drop-inheritance-tax-ripped

By Paul Hammel

LINCOLN — Gov. Dave Heineman's plan to eliminate the last "death tax" in Nebraska ran into a firing squad of opposition Thursday from county officials.

Other parts of his three-part tax cut proposal, to reduce individual and corporate income taxes, also drew fire.

Snip: A new state tax research group, the Open-Sky Policy Institute, said more than half of the income tax cuts would go to the wealthiest 20 percent of Nebraskans, while 20 percent of the cuts would benefit those making less than $57,000 a year.

"LB 970 does little to lower the taxes of Nebraska's middle class," said the group's director, Renee Fry.

FULL story at link.

[BeyondGeography]

1. Pretty good, for Nebraska