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.


45° 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

Sen. Grassley Tip May Have Led To EB-5 Probe

9/10/2014 12:07 PM

One of Governor Mike Rounds’ political allies likely tipped off federal authorities about violations within South Dakota's EB-5 program.

Full Story
Former US Senate Hopeful Walker Arrested In SD

9/10/2014 3:18 PM

Former U.S. Senate candidate Clayton Walker who's been indicted on election law violations has been arrested for reportedly threatening state empl...

Full Story
Wismer Says She'd Fire Anyone Who Knew About Fraud

9/11/2014 2:34 PM

The Democrat running for South Dakota governor says that if elected she would fire anyone in state government who knew about reported fraud in the EB-...

Full Story
Brown Co. Urges Banking Commission To Look Into EB-5

9/9/2014 11:07 AM

The Brown County Commission has passed a resolution asking the South Dakota Banking Commission to investigate SDRC Inc. and the loans it facilitated.

Full Story
Sen. Grassley Inquiry May Have Led To EB-5 Questions

9/10/2014 5:44 PM

One of Governor Mike Rounds’ political allies may have urged federal investigators to look into South Dakota's EB-5 program.

Full Story | Watch


Events