Noem Meets with Trump on Tax Reform
WASHINGTON, D.C. – Rep. Kristi Noem today met with President Donald Trump and a group of bipartisan lawmakers at the White House to discuss a comprehensive tax reform package to create more jobs, bigger paychecks, and a fairer tax code. Noem serves as a member of the House Ways & Means Committee, the first South Dakotan in history to do so. In this role, Noem has helped draft the blueprint for a once-in-a-generation tax reform proposal, which was the basis for today’s White House discussions.
“Today’s meeting left me extremely optimistic for what we can accomplish,” said Noem. “This is a president who wants to tackle the hard issues and move this country forward. I’ve been fighting to do the same. Today was another important step toward a tax code that can help free South Dakotans to achieve their potential without the heavy burden of an outdated tax code standing in their way.”
Photo Credit: White House
During today’s White House meeting, Noem discussed a proposal to:
- Grow jobs and paychecks nationwide by lowering tax rates at every income level, separating wage income from small business income, and leveling the playing field for American businesses and workers to compete.
- Make the tax code fairer and simpler by increasing the standard deduction, and eliminating the maze of unfair special interest loopholes.
- Help middle-class families by consolidating tax brackets, preserving and simplifying family-focused provisions, and encouraging savings and investment.
Throughout the tax reform process, Noem has given South Dakota an unprecedented voice in the debate. As one of the only members of the committee with a background in agriculture, she has given voice to the needs of rural America. In July, Noem welcomed Scott VanderWal, a producer near Volga, to testify before the committee about tax reform’s impact on small businesses. Noem has also traveled throughout the state, meeting with families and local businesses to discuss their priorities.
###
Same meeting where trump called McCain a so called republican, what do you think of that kristy?
He is a so-called Republican; he aligns more with Democrats lately. The truth hurts, I know. He is still bitter that he lost against Obama and somehow this disgusting, non-politician is now president.
I agree. I think McCain’s actions now are more a response to the Republican primary than anything else. Sad that this will be remembered as his legacy.
Good. Trump is great!
Trump is a so-called Republican.
U.S. Rep. Kristi Noem believes South Dakota’s economy can be a shining example for America. I agree.
Consider Illinois: after two years of incomplete budgets, that state’s unpaid bills exceed $16 billion! Compared to Illinois, South Dakota is in great fiscal shape. Why? Our taxes are lower. Our state leaders are more pragmatic. We enjoy a superior business environment, greater economic growth, and more jobs created per capita. Unlike Illinois and California, our state does not face imminent bankruptcy. Others can learn from our model.
A lower tax burden creates jobs and keeps money in the pockets of those who earn it. President Reagan cut the business tax rate to 34%, making America more competitive. The economy boomed, the middle class prospered, and median family incomes increased.
But our competitors did not sit idle. Other countries copied Reagan’s initiative, lowering rates. Over 30 years, the average business tax rate among developed nations fell from 45% to less than 24%.
Meanwhile, we let rates climb, surrendering our competitive edge. Including state and local taxes, the average American business owner pays her government 39%, worse than France, Germany, Canada, Ireland, Japan, Mexico, or South Korea.
Not only are federal taxes too high, they’re too difficult to understand. Unnecessarily complex rules force companies to waste endless hours on compliance and paperwork. Not everyone is a CPA.
Let’s reduce taxes for American workers. Let’s double the standard deduction to help families. Representative Noem has pledged to make taxes: “simpler, flatter, and fairer.” That’s the correct approach.
To nurture a productive economy – one in which growing businesses compete to hire skilled workers by offering good benefits — Congress must simplify our tax code and lower tax rates. Done correctly, such reforms create jobs, increase wages, and shrink deductions from South Dakotans’ paychecks.