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RELEASE: Setting The Record Straight On Lying Bob Krist


MEDIA CONTACT:

Matthew Trail

Mattew@GovernorRicketts.com

(402) 452-7547

FOR IMMEDIATE RELEASE:

May 20, 2018

Setting The Record Straight On Lying Bob Krist

Lincoln, NE - In Election Night remarks and subsequent media appearances, Democrat gubernatorial candidate Bob Krist has made numerous factually inaccurate statements regarding Governor Pete Ricketts' record.

"Bob Krist has lied repeatedly, even lying about easily verifiable facts," said campaign Director of Communications Matthew Trail. "Nebraskans cannot trust Bob Krist."


Krist Lie #1: "... his biggest concern remains cutting taxes for himself, his powerful friends, and special interests."

The Truth: Every year, Governor Ricketts has fought for relief from local property taxes. Governor Ricketts' tax relief plans have been focused on property tax relief for all Nebraskans.

  • In his first term, Governor Ricketts has delivered over $840 million in direct property tax relief.

  • The Nebraska Property Tax Cuts and Opportunities Act's tax relief was overwhelmingly focused toward property taxes. In fact, it directed $10 in property tax relief for every $1 in income tax reduction and workforce development funding.

  • Alongside the Property Tax Credit Relief Fund, the bill would provide $4.5 billion in property tax relief over the next decade. This would more than double the amount of property tax relief provided by the state over that period.

  • Nebraska Farm Bureau President Steve Nelson said that the Nebraska Property Tax Cuts and Opportunities Act "puts us on a path for long-term relief for all property tax payers" and "provides relief as soon as possible."

-2015: Governor Ricketts worked with the Legislature to grow the Property Tax Credit Relief Fund by over 40 percent over the biennium.

-2016: Governor Ricketts signed into law LB 958 and LB 959, providing an additional $20 million per year in property tax credits for agricultural land and imposing new local property tax levy controls.

-2017: Governor Ricketts and Sen. Jim Smith proposed LB 461, which would have reduced ag land property valuations by $12 billion in 2018, providing an estimated $147 million in additional property tax relief.

-2018: Governor Ricketts and Sen. Jim Smith proposed LB 947, the Nebraska Property Tax Cuts and Opportunities Act, which would provide an additional $2.3 billion in property tax relief over the next decade, for a total of $4.5 billion in overall property tax relief.

Krist Lie #2: "...T.D. Ameritrade, his father’s company..."

The Truth: TD Ameritrade is not Joe Ricketts' company, nor is it the Ricketts family's company.

  • Governor Ricketts has not worked at TD Ameritrade since 2006, and left its board of directors in 2014.

  • Joe Ricketts left TD Ameritrade's board of directors in 2011.

  • The Ricketts family's ownership stake in TD Ameritrade significantly diminished several years before Governor Ricketts took office. The Ricketts family is not the company's largest shareholder, and today only holds a combined roughly 10 percent of the company's shares.

Krist Lie #3: "...while you, the average homeowner, will get a property tax cut of $25 bucks."

The Truth: The Nebraska Property Tax Cuts and Opportunities Act would provide a property tax credit of up to $25 for homeowners only in its first year, on top of the state property tax credit already provided for in state law.

  • Over time, the bill would provide annual property tax credits of up to $500 for homeowners. The bill contained substantial property tax relief credits for ag producers as well, rising to 20 percent of property taxes paid on ag land when fully implemented.

  • Over the next decade, alongside the Property Tax Credit Relief Fund, the bill would provide over $4.5 billion in new property tax relief, more than doubling the amount of property tax relief provided by the state.

Krist Lie #4: "Hope you enjoy the yacht."

The Truth: Neither Governor Ricketts, nor any member of the Ricketts family, owns a yacht. This is a blatant lie.

Krist Lie #5: "The current administration has decided that less is somehow more when it comes to funding our schools..."

The Truth: In the face of revenue shortfalls, Governor Ricketts' budget recommendations have prioritized funding for state K-12 and special education aid.

  • Under Governor Ricketts' leadership, state K-12 aid has grown four times faster than the state's overall budget.

Krist Lie #6: "...going so far as to attack our state’s excellent public schools..."

The Truth: Governor Ricketts has helped strengthen public education by growing funding, expanding educational opportunities, and highlighting educators who are doing outstanding work.

  • Through programs like the Developing Youth Talent Initiative and Youth Registered Apprenticeships, Governor Ricketts is working to improve STEM and skilled technical instruction, preparing Nebraskans for the well-paying jobs of tomorrow.

  • Governor Ricketts has visited numerous schools since taking office to recognize excellence in our public schools. For example, in 2017, Governor Ricketts visited Nebraska's four Blue Ribbon schools. Just last week, Governor Ricketts recognized 22 Nebraska students in the Capitol for achieving a perfect ACT score.

Krist Lie #7: "...and working to tear them down through privatization."