Nebraska Lawmaker Floats Idea: Taxes as an Investment

By: Associated Press
By: Associated Press

A Nebraska lawmaker has an unconventional idea for the state tax system: Let taxpayers become investors.

Sen. Paul Schumacher of Columbus presented a bill Tuesday that would give Nebraskans the option pay more taxes up-front, in exchange for an inflation-adjusted tax credit in the future. The credit would yield the same interest as a 10-year Treasury bill, and would be applied to future tax liabilities.

Schumacher says the measure serves a double purpose: It would generate more up-front cash for roads projects, which are cheaper now than in the future, and would give savers a new place to invest.

The bill's future is unclear. Schumacher acknowledged the idea would be "an experiment," but members of the Revenue Committee gave him high marks for creativity.


KOLN-TV Call: (402) 467-4321 Toll-free: 1-800-475-1011 840 North 40th Lincoln, NE 68503 Email: info@1011now.com KGIN-TV Call: (308) 382-6100 123 N Locust Street Grand Island, NE 68802 Email: kgin@1011now.com KSNB-TV Toll free 888-475-1011 123 N. Locust St. Grand Island, NE 68802 Email : ksnb@1011now.com
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 195347791 - 1011now.com/a?a=195347791
Gray Television, Inc.