Democratic candidate for governor Ron Volesky advocated it yesterday on Dakota Midday; my neighbor Rep. Gerry Lange (D-8/Madison) is getting ready to submit it again to the state legislature: a corporate income tax!
The argument is simple: we have a structural deficit. We have national corporations like Wal-Mart and Menards that pay that tax in almost every other state in which they do business. Those corporations take our dollars out of our state to pay taxes in other states. Why not get a piece of the action and keep more of our money here in South Dakota?
And as you all gin up your arguments that taxes kill business (taxes actually help business), remember: if you pay a state corporate income tax, I think you get to deduct that on your federal tax return.
Alt Mayor driving Real Mayor Bananners! - I have been enjoying Alt Mayor’s tweets, and I think I got the person narrowed down (more on that soon). What I have admired recently is their calling out ...
9 hours ago