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Nelson raps Ricketts on tax reform [NE Senate]
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Race
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| Contributor | COSDem |
| Last Edited | COSDem Jul 24, 2006 07:29pm |
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| Category | News |
| News Date | Tuesday, July 25, 2006 01:00:00 AM UTC0:0 |
| Description | Sen. Ben Nelson said Monday that Pete Ricketts favors tax reforms that would lead to higher home prices and increased taxes for 95 percent of Nebraskans.
A national sales tax, which Nelson said Ricketts has promoted, would be accompanied by elimination of mortgage interest deductions for homeowners under the current income tax system, the senator said.
That, he said, would increase the cost of a new home by 30 percent.
While most Nebraskans’ taxes would rise, the Democratic senator said, the wealthiest individuals who earn more than $700,000 a year would enjoy an average $176,000 tax cut.
Ricketts, the Republican Senate challenger, has denied he advocated such a change. Rather, he said, it was one of a number of options that he suggested be considered in reforming the current federal income tax system. |
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