A: The economy begins to go in decline. I think we see an outsourcing of jobs. We see a loss of revenue. I think we see it before then. I think we start seeing it in 2008, 2009. I did a forum on taxes, and a guy who runs a medium-size business was saying he's already starting to hedge his bets against the idea of a major tax increase in 2010. I mean, how many businesses plan three, four, five years ahead
But Smith was quick to point out that was an initiative he has been pushing for years, and when the House passed the proposal in March, support from Noem was lacking. Noem publicly opposed the proposal after the state Senate dismissed it in March, but she said [in the debate] that it was an idea she supported and her office had been working on it.
Recently, South Dakota's economic growth has lagged behind the rest of the country. Last year, it had the 15th lowest growth in GDP among states.
But Smith was quick to point out that was an initiative he has been pushing for years, and when the House passed the proposal in March, support from Noem was lacking. Noem publicly opposed the proposal after the state Senate dismissed it in March, but she said [in the debate] that it was an idea she supported and her office had been working on it.
Recently, South Dakota's economic growth has lagged behind the rest of the country. Last year, it had the 15th lowest growth in GDP among states.
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| 2016 Presidential contenders on Tax Reform: | |||
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Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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