'Taxes as an Investment': A New Idea Being Discussed by Neb. Lawmakers
LINCOLN, Neb. (AP) — A Nebraska lawmaker has an unconventional idea for the state tax system: Let taxpayers become investors.
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
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
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.