User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


54° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Back to all news

Politics

Find local businesses
on the KELO Pages!

 

Noem Talks Fiscal Cliff

November 8, 2012, 5:58 PM by Brady Mallory

Noem Talks Fiscal Cliff
SIOUX FALLS, SD -

With the election over, you may have heard politicians talk about the "fiscal cliff."  If congress does not act, the set expiring tax and spending cuts would automatically begin at the end of this year.

"Well, it's going to be a serious situation if we don't do something to avert it," Rep. Kristi Noem said.

Both parties want to avoid the fiscal cliff, a situation many believe could impact economic growth and lead to another recession.  All the so-called "bush tax cuts" on income, investments, married couples, families and inheritances would expire. It will also cut the budgets of 1,200 government programs. 

Many economists believe that will drive national unemployment above nine percent pushing the country back into recession.

Noem said not moving forward could mean $3,500 more in taxes per year for the average household in America and South Dakota. Noem has said she hopes lawmakers can compromise and work together.

"We can learn a lot from the families in South Dakota. They've tightened their belts; they've gotten rid of spending in areas that they simply can't afford to make sure their priorities are funded. That's the lesson Washington, D.C. needs to learn," Noem said.

If lawmakers cannot agree on a long-term fix, there could be a temporary solution that would keep tax extensions while Congress works out a permanent solution.  Either way, it will need to happen before the calendar turns to 2013.

"People holding public office, their jobs are to be servants. It's not to go there to be concerned about their careers or their futures, but to really make sure they're taking care of families back home," Noem said.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View politics

You may also like

FBI Says EB-5 Investigation Remains 'Active'

10/22/2014 12:44 PM

The FBI says an investigation into the South Dakota Regional Center and the federal EB-5 program is still ‘active.’

Full Story
FBI Confirms 'Active' Investigation Of SD EB-5 Program

10/22/2014 6:15 PM

The federal investigation into South Dakota's EB-5 immigrant investor program isn't over. The FBI confirmed Wednesday that the investigation i...

Full Story | Watch
SD Governor Candidates Tackle Teacher Pay, Minimum Wage In KELOLAND Forum

10/22/2014 9:55 PM

With Election Night only two weeks away, the three candidates for Governor of South Dakota joined in on a special forum here on KELOLAND TV.

Full Story | Watch
Reports Confirm Weiland Outraised Rounds

10/24/2014 1:13 PM

Campaign finance reports show Democrat Rick Weiland has outraised Republican Mike Rounds by more than $60,000 in South Dakota's tight U.S. Senate ...

Full Story
Gubernatorial Candidates To Appear Tonight On KELO-TV

10/22/2014 6:18 AM

Tonight, KELOLAND News starts its Campaign 2014 Forum series.

Full Story


Events