Kristi Noem on Corporations

	Kristi Noem on Corporations

Repeal ObamaCare reporting requirements for small business.

Noem co-sponsored Small Business Paperwork Mandate Elimination Act

A BILL To repeal the expansion of information reporting requirements for payments of $600 or more to corporations. Section 9006 of the Patient Protection and Affordable Care Act, and the amendments made thereby, are hereby repealed; and the Internal Revenue Code of 1986 shall be applied as if such section, and amendments, had never been enacted. [This is the first attempt at dismantling ObamaCare by pieces, as opposed to H.R. 2 which dismantles ObamaCare in whole. The proposed section of the ObamaCare law to be repealed appears below. --OnTheIssues editor].

The Internal Revenue Code of 1986 is amended by adding at the end the following new subsections:
APPLICATION TO CORPORATIONS. The term `person` includes any corporation that is not an organization tax-exempt.
REGULATIONS. The Secretary may prescribe such regulations as may be necessary to carry out the purposes of this section, including rules to prevent duplicative reporting of transactions.
EFFECTIVE DATE. The amendments made by this section shall apply to payments made after December 31, 2011.

Source: HR144&HR4 11-HR004 on Jan 12, 2011

Rated 0% by UFCW, indicating a pro-management voting record.

Noem scores 0% by UFCW on labor-management issues

The United Food and Commercial Workers International Union (UFCW) is North America`s Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.

(+) Extension of Trade Adjustment Assistance (TAA)
(+) H. Am. 877 Bishop Am. to HR 3094, penalties for lawsuits against unionization
(+) H. Am. 880 Jackson-Lee Am. to HR 3094, preventing delays in union votes
(-) Middle Class Tax Relief and Job Creation Act, freezing public salaries
(-) Regulation from the Executive in Need of Scrutiny (REINS) Act, for less corporate regulation
(-) Repealing the Job-Killing Health Care Law Act
(-) Workforce Democracy and Fairness Act, letting CEOs fire union organizers

Source: UFCW website 12-UFCW-H on May 2, 2012

Regulatory relief for smaller banks stimulates growth.

Noem voted YEA Banking Bill

Congressional Summary:

TITLE I--IMPROVING CONSUMER ACCESS TO MORTGAGE CREDIT: [for small banks,] requirements are waived if a loan is originated by and retained by the institution
TITLE II--REGULATORY RELIEF AND PROTECTING CONSUMER ACCESS TO CREDIT: [deregulate] reciprocal deposits [if they] do not exceed 20% of its total liabilities.
TITLE III--PROTECTIONS FOR VETERANS, CONSUMERS, AND HOMEOWNERS
TITLE IV--TAILORING REGULATIONS FOR CERTAIN BANK HOLDING COMPANIES
TITLE V--ENCOURAGING CAPITAL FORMATION
TITLE VI--PROTECTIONS FOR STUDENT BORROWERS

Supporting press release from Rep. Tom Emmer (R-MN-6): This legislation will foster economic growth by providing relief to Main Street, tailor regulations for better efficacy, and most importantly it will empower individual Americans and give them more opportunity.

Opposing statement on ProPublica.org from Rep. Gregory Meeks (D-NY-5): The bill includes many provisions I support: minority-owned banks and credit unions in underserved communities have legitimate regulatory burden concerns. Unfortunately, exempting mortgage disclosures enacted to detect discriminatory practices will only assist the Trump Administration in its overall effort to curtail important civil rights regulations. I simply cannot vote for any proposal that would help this Administration chip away at laws that I and my colleagues worked so hard to enact and preserve.

Legislative outcome: Passed House 258-159-10 on May 22, 2018(Roll call 216); Passed Senate 67-31-2 on March 14, 2018(Roll call 54); Signed by President Trump. May 24, 2018

Source: Congressional vote 16-S2155 on Mar 14, 2018

Reduce corporate tax rates from 35% to 21% to create jobs.

Noem voted YEA Tax Cuts and Jobs Act

Summary by GovTrack.US: (Nov 16, 2017)

Reduce the corporate tax rate to 21% from 35%.
Overseas earnings would be taxed at 15.5% as opposed to the current 35%. This may seem like an enormous reduction, but current law only taxes overseas earnings if they are returned to the US; the 15.5% rate would apply regardless.

Lower the rate for the highest earners from 39.6% to 37%.
Nearly double the standard deductions for individuals but repeal personal exemptions.
The Affordable Care Act`s individual mandate would be repealed.

Case for voting YES by Heritage Foundation (12/19/17):This is the most sweeping update to the US tax code in more than 30 years. The bill would lower taxes on businesses and individuals and unleash higher wages, more jobs, and untold opportunity through a larger and more dynamic economy. The bill includes many pro-growth features, including a deep reduction in the corporate tax rate, a scaled-back state and local tax deduction, full expensing for five years, and lower individual tax rates.

Case for voting NO by Sierra Club (11/16/17): Republicans have passed a deeply regressive tax plan that will result in painful cuts to core domestic programs, to give billionaires and corporate polluters tax cuts while making American families pay the price. Among the worst provisions:

This plan balloons the federal deficit by over $1.5 trillion. Cutting taxes for the rich now means cuts to the federal budget and entitlements later.

The bill hampers the booming clean energy economy by ending tax credits for the purchase of electric vehicles and for wind and solar energy.

The bill opens up the Arctic Refuge to drilling, a thinly veiled giveaway to the fossil fuel industry.

Legislative outcome: Passed House, 224-201-7, roll call #699 on 12/20; passed Senate 51-48-1, roll call #323 on 12/20; signed by Pres. Trump on 12/22.

Source: Congressional vote 17-HR1 on Nov 16, 2017

Click here for definitions & background information on Corporations. Click here for a summary of all issue stances of Kristi Noem. Click here for a Wikipedia profile of Kristi Noem. Click here for a Ballotpedia profile of Kristi Noem. Click here for VoteMatch responses by Kristi Noem. Click here for issue positions of other SD politicians. Click here for SD primary archives. Click here for SD secondary archives.
*Other governors on Corporations:*			*Kristi Noem on other issues:*
*SD Gubernatorial:* Billie Sutton Jamie R. Smith Steven Haugaard *SD Senatorial:* Brian Bengs Daniel Ahlers Mike Rounds Scyller Borglum	*Gubernatorial Debates 2023:* KY: Incumbent Andy Beshear(D) vs.State A.G. Daniel Cameron(R) vs.Ambassador Kelly Craft(R) vs.State Auditor Mike Harmon(R) LA: Incumbent John Bel Edwards(D,term-limited) vs.Jeff Landry(R) vs.Shawn Wilson(D) vs.John Schroder(R) vs.Sharon Hewitt(R) MS: Incumbent Tate Reeves(R) vs.Bill Waller(R,withdrew) vs.Brandon Presley(D) *Gubernatorial Debates 2024:* DE: Gov. John Carney (D, term-limited); vs. Lt. Gov. Bethany Hall-Long (D) vs. County Exec. Matt Meyer (D) vs. State Rep.Mike Ramone (R) IN: Gov. Eric Holcomb (R, term-limited); vs. Sen. Mike Braun (R) vs. Suzanne Crouch (R, lost May 7 primary) vs. Eric Doden (R, lost May 7 primary) vs. Attorney General Curtis Hill (R, lost May 7 primary) vs. Jennifer McCormick (D) MO: Gov. Mike Parson (R, term-limited): vs. Secretary of State Jay Ashcroft (R) vs. State Senator Bill Eigel (R) vs. Lt.Gov. Mike Kehoe (R) vs. House Minority Leader Crystal Quade (D) MT: Gov. Greg Gianforte (R) vs. Ryan Busse (D) vs. State Rep. Tanner Smith (R, lost June 4 primary)	*Gubernatorial Debates 2024 (continued):* NC: Gov. Roy Cooper (D, term-limited); vs. Lt.Gov. Mark Robinson (R) vs. Attorney General Josh Stein (D) vs. Treasurer Dale Folwell (R, lost March 5 primary) vs. Justice Michael Morgan (D, lost March 5 primary) vs. State Senator Andy Wells (R,withdrew) ND: Gov. Doug Burgum (R, retiring) vs. State Rep. Rick Becker (R) vs. U.S.Rep. Kelly Armstrong (R) vs. State Sen.Merrill Piepkorn (D) NH: Gov. Chris Sununu (R, retiring) vs. U.S.Sen. Kelly Ayotte (R) vs. Mayor Joyce Craig (D) vs. Acting Gov.Chuck Morse (R) vs. Exec.Councilor Cinde Warmington (D) UT: Gov. Spencer Cox (R) vs. State Rep. Phil Lyman (R) vs. Minority Leader Brian King (D) VT: Gov. Phil Scott (R) vs. Lt.Gov.David Zuckerman (D, withdrew) vs. Selectman Peter Duval (D) vs. Commissioner Esther Charlestin (D) WA: Gov. Jay Inslee (D, retiring); vs. Attorney General Bob Ferguson (D) vs. U.S.Rep.Dave Reichert (R) vs. State Sen. Mark Mullet (D) vs. County Chair Semi Bird (R) vs. Hilary Franz (D, withdrew to run for U.S.Rep.) WV: Gov. Jim Justice (R, term-limited) vs. WV Attorney General Patrick Morrisey (R) vs. Huntington Mayor Steve Williams (D) vs. WV State Auditor JB McCuskey (R, withdrew) vs. WV Secretary of State Mac Warner (R, lost May 14 primary) vs. State Del. Moore Capito (R, lost May 14 primary)	Abortion Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families/Children Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Infrastructure/Technology Jobs Local Issues Principles/Values Social Security Tax Reform War/Iraq/Mideast Welfare/Poverty [Title9]