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.


65° 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!

 

Thune: Extension Needed To Avoid Fiscal Cliff

November 28, 2012, 6:00 PM by Ben Dunsmoor

Thune: Extension Needed To Avoid Fiscal Cliff
SIOUX FALLS, SD -

Republican and Democratic leaders in Congress will meet with top White House officials Thursday hoping to avoid the mix of tax hikes and spending cuts known as the fiscal cliff that are set to take affect at the end of the year.

Meanwhile President Barack Obama is hitting the road to push for continuing the middle-class tax cuts while allowing the tax breaks for the wealthy to expire.

"Their voices, the voices of the American people, have to be a part of this debate," Obama said.

United States Senator John Thune says the President needs to lead in the talks to avoid the fiscal cliff.

"It sounds like he is going to go out on the campaign trail this week, which I think is unfortunate. The real challenge right now is here in Washington D.C. and getting a bi-partisan majority of the House and Senate in a place to put in place a solution that would avert what could be a very serious calamity for this country if we go over the fiscal cliff," Thune said.

Republicans want to reform entitlement programs like Medicaid and Social Security to cut down on government spending.

Thune, who is the third-ranking Republican in the Senate, says Republicans are willing to listen to the Democrats if the Democrats are willing to listen to their ideas.

"We're willing to enter into a discussion about revenues but it's got to be tied to, or accompanied with, entitlement reform that is meaningful and that really does address the real problem facing the country and that's the federal spending side of the equation," Thune said.

With a January 1 deadline looming, Thune thinks a temporary extension could be the way to give Congress more time to work on major changes.

"I would like to see an extension, temporary, for however long that might enable us next year to get into a meaningful debate about entitlement reform and tax reform," Thune said.

And in the next few weeks Americans will find out the answer on just how this latest crisis will be solved.

Thune says it’s possible a new Farm Bill could be tacked onto any legislation involving the fiscal cliff since the Senate version includes more than $20 billion in federal savings.

Thune believes that would be the only way a Farm Bill would get done this year.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View politics

You may also like

SD Dems Want To Know Why Joop Bollen Wasn't Fired

9/18/2014 5:57 PM

Former South Dakota EB-5 administrator Joop Bollen was filing legal documents on behalf of the state when he wasn't supposed to.

Full Story | Watch
Sioux Falls Leaders Learn From ND Boom Town

9/17/2014 5:07 PM

Williston is now working with the state to create a new sales tax that would be split between the city and county.

Full Story | Watch
Rounds Releases EB-5 Response Ahead Of Meeting

9/22/2014 10:29 AM

A letter and written responses to questions from GOAC members have been obtained by KELOLAND News in advance of the panel's meeting Wednesday.

Full Story
Committee To Read Rounds, Daugaard Answers On EB-5

9/19/2014 12:54 PM

A legislative committee resumes its probe of the state's involvement in the federal EB-5 investment program next week.

Full Story
DOT: Election Signs Are Banned From Right Of Way

9/16/2014 7:23 PM

The South Dakota Department of Transportation is reminding the public that political campaign and ballot-issue signs can't be placed on state high...

Full Story


Events