A Nebraska legislator pushing to cut the top individual income tax rate says the proposal would spur economic growth.

Senator Jim Smith of Papillion points out many Nebraska small business owners file individual income tax returns. . .

Smith acknowledges that concerns about slumping state tax revenues are the biggest obstacles for his proposal to clear. . .

The proposal would cut a percent off the top individual income tax rate over eight years…and only in years when state revenue is projected to grow by at least three-and-a-half years.