Who Benefits the Most from Income Tax Rate Cuts?

It has been said “the rich get richer, and the poor get poorer.” That aphorism (a pithy observation that contains a general truth) is attributed to British poet and author Percy Bysshe Shelley in 1840. It has been heard in more than one iteration during the debate on a major income tax cut bill (LB939) currently before lawmakers The measure, introduced by Elkhorn Sen. Lou Ann Linehan, would cut…