Pay Taxes in Silver? Idaho Is Thinking About It
Source: Associated Press (3/18/10)
"Bill clears House with Thursday's 51–14 vote."
It now heads to the Senate.
Conservative northern Idaho lawmakers, including Rep. Phil Hart, the Republican sponsor, hope to accomplish two things: 1) revive their region's mining economy's glory days and 2) get a foot in the door toward replacing standard American currency with precious metals, or so-called "constitutional money."
That appeals to those leery of the U.S. Federal Reserve.
With Thursday's 51–14 vote, Hart's bill has made it further than one he backed a year ago that stalled in the House Revenue and Taxation Committee.
Idaho isn't alone: Georgia lawmakers considered allowing citizens to pay taxes with gold and silver last year.