• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy SD Gov. Noem’s grocery tax cut hits obstacle in GOP-dominated legislature
Economy

SD Gov. Noem’s grocery tax cut hits obstacle in GOP-dominated legislature

by January 19, 2023
by January 19, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

South Dakota lawmakers are considering a number of tax cuts this year, including Gov. Kristi Noem’s campaign promise to repeal the grocery tax. The only problem is deciding on which ones.

Republican lawmakers are proposing alternative tax cut schemes, such as scaling back the sales tax and property tax. Other lawmakers also say the state has a long list of programs to fund this year, leaving little room in the surplus for tax cuts.

Although Democrats have proposed grocery tax cuts for years, they gained a powerful bipartisan ally when Noem made it a key part of her reelection campaign. Noem, who is considering a 2024 White House bid, has trumpeted the proposal as the largest tax cut in South Dakota history.

Noem says cutting the tax, which brings in more than $100 million annually, would help household budgets squeezed by inflation.

‘They need relief — and we can afford to give it to them,’ the Republican governor said in a statement.

Advocates for repealing the grocery tax say it weighs heaviest on low-income people who spend a larger percentage of their income on food. Only 13 states levy taxes on groceries, and South Dakota is just one of three that tax groceries at the rate of other sales, according to the Tax Foundation, a pro-industry think tank.

But many of the governor’s fellow Republicans have been resistant.

House Speaker Hugh Bartels said that when he has discussed the grocery tax repeal with the governor’s staff, his message has been that constituents are not calling for it.

‘I’m waiting until the budgeting process is done,’ he said, adding ‘You’ve got to weigh the option of unfunded programs and tax cuts.’

For people like Fred Steffen, who traveled to the Capitol on Wednesday to tell lawmakers of shortfalls in the state’s program to provide home health aides to disabled adults such as his son, it made little sense to discuss tax cuts when it appears government programs lack necessary funding.

‘If they are talking about cutting the food tax, there’s a place in there that could benefit the disabled population,’ he said.

Pierre resident Barry Sargent said he generally supports tax cuts but fears they could cut into essential government services if not well planned.

‘I don’t think anybody’s against paying taxes as long as they’re used for stuff that they can see — that benefits people or pays for schools or pays for roads,’ he said.

Republican state Rep. Chris Karr, who has pushed for a reduction in the state’s sales tax, pointed to the state’s $310 million in ongoing revenue growth and argued that the state could afford to fund programs and cut taxes.

‘Those dollars belong to the people,’ he said.

But a recent report from the state’s legislative research office shows that South Dakota’s revenue growth has been driven by inflation and federal stimulus funds rather than organic economic growth.

State Sen. Reynold Nesiba, the Senate’s Democrat leader, suggested the competing proposals and pressing needs could result in an incremental tax cut, such as reducing, rather than repealing the tax on groceries.

He said, ‘I think there is a way forward to compromise.’

This post appeared first on FOX NEWS
You Might Also Like
  • Top conservative group hammers House Republicans for passing short-term funding bill
  • Trump medical report released as Biden faces concerns over age, health
  • Trump focused on campaigning, as Dems are ‘in disarray’ amid Biden chaos
  • Kentucky Senate approves bill to allow jail time for hazing charges
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Biden classified document investigation: Secret Service ready to provide Delaware visitors, source says
next post
Florida Rep. Greg Steube hospitalized after falling from ladder

You may also like

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025

Stacey Abrams-tied group kept money flowing to anti-police organizations and...

January 18, 2023

TAMMY BRUCE: An open letter to the Kennedys who turned...

August 25, 2024

Trump ran up the score with these voters in New...

January 24, 2024

Dem congresswoman: Biden administration doesn’t deserve ‘any blame’ for chaotic...

July 10, 2023

Jill Stein announces 2024 Green Party bid for president

November 11, 2023

Bernie Sanders will not run for president, endorses Biden bid...

April 26, 2023

Biden trolls DeSantis, Haley, Trump with giant billboards ahead of...

December 6, 2023

New York Times blasted as ‘racist’ for predicting affirmative action...

June 30, 2023

Kansas man convicted of threatening to kill US congressman

January 20, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025
    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

      May 29, 2025
    • E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

      May 29, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,764 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,470 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,450 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,429 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,307 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp...

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Jeffrey Epstein allegedly threatened Bill Gates...

    May 22, 2023

    FBI Director Wray makes surprise Israel...

    February 15, 2024

    CA Sen. Feinstein arrives at Capitol...

    May 11, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here