Peter Ricketts on Tax Reform

	Peter Ricketts on Tax Reform Republican Senate Challenger

Enacted $1 billion in annual state tax relief

In 2022, he worked to pass LB 873 which is the biggest tax relief package land is privately owned. Getting to 30% would require a major federal intervention. Setting aside that much land and water for conservation would also devastate food production, our rural communities, and our state's overall economy. Source: 2024 Nebraska Senate campaign website PeteRicketts.com , Apr 7, 2023

Reduce top individual tax rate from 6.84% to 5.84%

Over the next five years, we must reduce the top individual tax rate by one percent--from 6.84% to 5.84%. For those who may try to brand this as a tax cut for the rich, I challenge you to ask Nebraskans earning $33,180 a year, or families earning $66,360 a year, if they feel rich. They make up the 418,900 Nebraskans in this tax bracket who deserve relief. Source: 2022 State of the State Address to the Nebraska legislature , Jan 13, 2022

Property tax relief is a top priority

Property tax relief remains the top priority for the people of Nebraska. Last year, we successfully increased the Property Tax Credit Relief Fund from the state to the people of Nebraska by over 20%. I am recommending roughly $500 million in property tax relief over the next three years to help our farmers, ranchers, home owners, and businesses.

I have three principles: No tax increases, protect the Property Tax Credit Relief Fund, and encourage spending restraint in local governments.

Source: 2020 Nebraska State of the State address , Jan 15, 2020

Ease burden of property taxes; plus 3% local cap

Property tax relief is the number one priority Nebraskans want. My budget provides $51 million in new property tax relief through the Property Tax Credit Relief Fund. This is a 23 percent increase in property tax relief to all Nebraska property owners. [I am also] proposing to establish a three percent cap on property taxes levied by local governments. It comes in the form of a constitutional amendment, which must be approved by the people after receiving your consideration. Source: 2019 State of the State address to the Nebraska legislature , Jan 15, 2019

Provide tax relief through property tax regulations

Last year, we successfully worked together to provide $408 million in direct dollar-for-dollar property tax relief through the Property Tax Credit Relief Fund. This year, we must make structural changes to property taxes through a bill that we propose to tighten spending and levy limits and to limit the statewide aggregate growth of agricultural property valuations to three percent. We must prioritize property tax relief, it's my number one priority this year. Source: 2016 State of the State speech to Nebraska legislature , Jan 14, 2016

Protect taxpayers from bureaucracy & burdensome regulations

PROTECT TAXPAYERS: Pete will hold the line on taxes and keep state bureaucracy accountable by prioritizing transparency.

Pete will work to limit burdensome regulations and to improve Nebraska's tax climate to enable existing in-state businesses to grow in Nebraska and encourage out-of-state companies to relocate to Nebraska. Pete will also utilize his experience helping entrepreneurs to create the next generation of Nebraska businesses.

Source: 2014 Nebraska Governor campaign website, PeteRicketts.com , Nov 4, 2014

Supports line-item veto and fair & simple taxes

We need to give the president line-item-veto authority, prioritize spending and institute taxes which are fair and simple. I support reducing the size of government and making President Bush's tax cut permanent. Source: Ben Thompson, North Platte Telegraph , Feb 7, 2006

Death tax is based on jealousy of high achievement

"The death tax is bad because it is impractical and because of what is says about us as a country," Ricketts said. "It is just wrong and is based on jealousy of high achievement. The death tax divides us; it does not bring us together." Source: Ben Thompson, North Platte Telegraph , Feb 7, 2006

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*Other governors on Tax Reform:*			*Peter Ricketts on other issues:*
*NE Gubernatorial:* Bob Krist Brett Lindstrom Carol Blood Chuck Herbster Jim Pillen Theresa Thibodeau *NE Senatorial:* Ben Sasse Chris Janicek Dan Osborn Deb Fischer Preston Love	*Gubernatorial Debates 2023:* KY: Incumbent Andy Beshear(D) vs.State A.G. Daniel Cameron(R) vs.Ambassador Kelly Craft(R) vs.State Auditor Mike Harmon(R) LA: Incumbent John Bel Edwards(D,term-limited) vs.Jeff Landry(R) vs.Shawn Wilson(D) vs.John Schroder(R) vs.Sharon Hewitt(R) MS: Incumbent Tate Reeves(R) vs.Bill Waller(R,withdrew) vs.Brandon Presley(D) *Gubernatorial Debates 2024:* DE: Gov. John Carney (D, term-limited); vs. Lt. Gov. Bethany Hall-Long (D) vs. County Exec. Matt Meyer (D) vs. State Rep.Mike Ramone (R) IN: Gov. Eric Holcomb (R, term-limited); vs. Sen. Mike Braun (R) vs. Suzanne Crouch (R, lost May 7 primary) vs. Eric Doden (R, lost May 7 primary) vs. Attorney General Curtis Hill (R, lost May 7 primary) vs. Jennifer McCormick (D) MO: Gov. Mike Parson (R, term-limited): vs. Secretary of State Jay Ashcroft (R) vs. State Senator Bill Eigel (R) vs. Lt.Gov. Mike Kehoe (R) vs. House Minority Leader Crystal Quade (D) MT: Gov. Greg Gianforte (R) vs. Ryan Busse (D) vs. State Rep. Tanner Smith (R, lost June 4 primary)	*Gubernatorial Debates 2024 (continued):* NC: Gov. Roy Cooper (D, term-limited); vs. Lt.Gov. Mark Robinson (R) vs. Attorney General Josh Stein (D) vs. Treasurer Dale Folwell (R, lost March 5 primary) vs. Justice Michael Morgan (D, lost March 5 primary) vs. State Senator Andy Wells (R,withdrew) ND: Gov. Doug Burgum (R, retiring) vs. State Rep. Rick Becker (R) vs. U.S.Rep. Kelly Armstrong (R) vs. State Sen.Merrill Piepkorn (D) NH: Gov. Chris Sununu (R, retiring) vs. U.S.Sen. Kelly Ayotte (R) vs. Mayor Joyce Craig (D) vs. Acting Gov.Chuck Morse (R) vs. Exec.Councilor Cinde Warmington (D) UT: Gov. Spencer Cox (R) vs. State Rep. Phil Lyman (R) vs. Minority Leader Brian King (D) VT: Gov. Phil Scott (R) vs. Lt.Gov.David Zuckerman (D, withdrew) vs. Selectman Peter Duval (D) vs. Commissioner Esther Charlestin (D) WA: Gov. Jay Inslee (D, retiring); vs. Attorney General Bob Ferguson (D) vs. U.S.Rep.Dave Reichert (R) vs. State Sen. Mark Mullet (D) vs. County Chair Semi Bird (R) vs. Hilary Franz (D, withdrew to run for U.S.Rep.) WV: Gov. Jim Justice (R, term-limited) vs. WV Attorney General Patrick Morrisey (R) vs. Huntington Mayor Steve Williams (D) vs. WV State Auditor JB McCuskey (R, withdrew) vs. WV Secretary of State Mac Warner (R, lost May 14 primary) vs. State Del. Moore Capito (R, lost May 14 primary)	Abortion Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families/Children Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Infrastructure/Technology Jobs Local Issues Principles/Values Social Security Tax Reform War/Iraq/Mideast Welfare/Poverty [Title9]