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.
Three sentenced in federal courts - The office of the U.S. attorney for the district of South Dakota, Randy Seiler, has provided information about more sentences handed down by federal judges...
4 hours ago