Noem: Tax Reform is signed!

Pat Powers

Today, Things Got Better for Americans, Says Noem of Trump’s Tax Reform Bill Signing

Washington, D.C. – Rep. Kristi Noem today applauded President Donald J. Trump on his signing of H.R.1, the Tax Cuts and Jobs Act. Noem was instrumental in crafting the legislation as a member of the House Ways and Means Committee and then a member of the small negotiating team that made the final deal. A farmer, rancher, small business owner and mother, Noem fought to double the Child Tax Credit, maintain the Child Care Credit, provide ag producers with better expensing tools, and lower tax rates across the board.

“I’ve thought back often on the South Dakotans I’ve met who have asked when it was going to get better. Today, things got better for the American people,” said Noem. “I am proud to have fought beside President Trump for a tax reform plan that puts real money in people’s pockets. A family of four in South Dakota making $54,000 will see a difference in their after-tax income of at least $1,600. That’s $1,600 that can go back into our state and our communities, rather than into the greedy hands of Washington. I thank President Trump for his leadership and for working with us to give the American people more control over their paychecks.”

The average household income in South Dakota is $54,000. Under current law, that family of four would face an $833 tax liability. Through the Tax Cuts and Jobs Act, however, the standard deduction is doubled, meaning the first $24,000 they earn would now be tax free. The Child Tax Credit is also doubled to $2,000 per child. And tax rates are lowered for that family to 12 percent. As a result, that same family would now receive a $781 tax refund, meaning there is a $1,614 difference in after-tax income.

Additionally, families can still take advantage of the Child Care Credit, home mortgage interest deduction, Adoption Tax Credit, charitable contribution deduction, and popular retirement savings options. The medical expense deduction and 529 Education Savings Accounts have also been enhanced.

Noem served as the only farmer/rancher on the final negotiating team, making her a critical advocate for South Dakota’s number one industry. The legislation gives producers access to enhanced expensing tools, immediate deductibility, and like-kind exchanges. It also creates a 20 percent small business deduction that will benefit many farms and ranches as well as agricultural cooperatives. Death Tax exemption levels are also doubled, although Noem continues to push for full repeal.

6 thoughts on “Noem: Tax Reform is signed!”

  2. Great Job Kristi. Thank you for the major role you played in leading this reform from start to finish. Despite the spin the liberal left has tried to put on it, South Dakotans will soon understand how significant this tax reform truly is.

  3. Also thanks to Chuck. . . oh, wait. Thanks, Nancy. . . nope, not her either. Thanks for pushing the passage of this CNN. . . not you either?

    I guess the America-hating Democrat politicians, and all their leftwing, psycho, Hillary-loving twits in the media, and the arrogant jerks in Hollywood all deserve to eat crow. Of course, if the crow were cooked by that jerk Anthony Bourdain, they’d all eat it up with a spoon because he is so sensitive and so politically correct, plus he is BETTER than any fly-over country redneck, just ask him.

  5. Wow, EC you’ve really got Trump Derangement Syndrome.

    Nothingburger Benghazi? So, you too spit in the face of our military men. Shame.

    Are you following the Uranium One story or are you just talking out your ass? HCllinton and Obama Admin transferred 20% of all US Uranium to Russia – illegal. The FBI uncovered evidence Russian $$ was funneled to the Clinton Foundation. They also took millions in donations from Uranium One investors. BClintion was paid $500,000 for a speech in Moscow. The FBI gag order will be lifted and more will come to light. Oh, and Obama was the one who made that statement to Medvedev, not HC.

    I don’t know exactly how much I’m going to get back it hasn’t happened yet, but that $80 didn’t include my husband’s paycheck or the return we will get for our children. I know you stick with MSM so you probably didn’t hear CVS Health, FedEx, Comcast, Wells Fargo, AT&T, Boeing, Fifth Third Bancorp all trickled down their savings onto their employees. They are handing out bonuses, increasing wages and able to provide more training for their employees. And, many companies, working out of the country, are considering a return to USA and that will create jobs. Why would you not want that for the working class. You want the dependent of the govt, sad.

    Nikki Haley rocked that room of globalists and we should cut off their aid. You must have missed where I said, We give $100 million to Zimbabwe every year in health and development aid. Who runs that country? A dictator. That’s okay with you? That’s where you want our $$ to go? I certainly thought you’d want that $$ to go to the entitlement programs you so love.

    I don’t care what Hubbel says. I don’t pay attention to her unless PP posts something stupid she has said. I have no intentions of voting for her. Did you see the viral pictures of Trump groping a woman’s breasts…oh wait, that was Al Franken. You can twist Trump’s words to fit your narrative, but women in Hollywood do let men grab their pussies, have you missed the Weinstein scandal? Actresses were giving themselves away because they were told they’d be stars. “Everyone Knew” and no one, not a man or a woman stood up and said this is enough. I don’t have any sympathy for those Hollywood, preaching elites.

    Trump loves America and Americans. Obama hated America and Americans. Get on the Trump Train!!

    1. This blathering, pedantic irrational post reminds me of the song by Styx, Too Much Time On My Hands. smh

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