Cutting Taxes

Pete Ricketts is helping Nebraska families, workers, seniors, and small business owners keep more of their hard-earned income.

As governor, Pete championed the largest state tax cut in Nebraska history. He cut property taxes by $10 billion. Pete delivered a total of $12.7 billion in tax relief during his time as governor, including:

  • Ending state taxes on Social Security
  • Ending state taxes on military benefits
  • Cutting income taxes for Nebraska families

In Washington, Pete helped pass the largest federal tax cut in American history, with the highest percentage of tax cuts going to those who make less than $50,000 a year. The bill will increase tax-home-pay by $9,050 for the average Nebraska family. Pete delivered tax cuts for Nebraska workers, seniors, families, small businesses, and ag producers:

  • No Tax on Tips
  • No Tax on Overtime
  • Expanded the child tax credit
  • Expanded protections from the Death Tax for ag producers
  • Extends small business tax cuts
  • Cut taxes on Social Security benefits, ending federal taxes on Social Security benefits for 88% of seniors
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