PIERRE, SD (STL.News) Governor Kristi Noem released the following Statement:
When I was in Congress, I had the tremendous honor of being on the conference committee that ironed out the final details of President Trump’s tax cuts. We cut rates for every South Dakotan. We doubled the standard deduction. We returned $2,400 to the pockets of the average South Dakota family, and the economy grew for years as a result.
We trusted that the people can spend their own money better than the government can. Unfortunately, President Biden is proposing that we undo much of the progress made with the Tax Cuts and Jobs Act, all in the name of an “infrastructure” package that has very little to do with infrastructure.
President Biden’s “infrastructure” proposal spends more on electric cars than it does on roads or bridges. In reality, this bill is full of giveaways to liberal special interests who want government subsidized green industries to take over our economy.
Unfortunately, the rest of the economy will suffer as a result. One of the most crucial parts of the Tax Cuts and Jobs Act was cutting the corporate tax rate to 21%, below the international average.