022718_YKBP_A3.pdf
Broadcaster Press 3
February 27, 2018 www.broadcasteronline.com
Bigger Paychecks And
More Opportunities
On The Way
By Sen. John Thune
Exactly two weeks after the Tax Cuts
and Jobs Act was signed into law, which
represents the first major successful tax
reform effort in a generation, business
after business was lining up to announce
they were awarding bonuses to more than
1 million workers around the country.
More take-home pay for American workers means more opportunities for them
and their families to succeed.
Now, just a few weeks later, less than
two months after our pro-growth bill became law, more than 350 companies from
all corners of the country, including South
Dakota, have announced that more than
4.2 million American workers are receiving bonuses, higher wages, or expanded
benefits thanks to tax reform.
The list of companies seems to grow
by the day: Charter Communications, Inc.,
Walmart, Cigna Corporation, Capital One,
Webster Financial Corporation, Humana,
and of course, Great Western Bancorp
and Aaladin Industries, Inc., right here in
South Dakota, just to name a few.
And then there are all of the companies
that are deciding to invest or reinvest in
the United States as a result of tax reform
becoming the law of the land.
For example, Apple announced it will
bring home and invest nearly $250 billion – that’s billion with a “b” – in cash
it has been keeping overseas because
of our uncompetitive tax system. It also
announced that it will create 20,000 new
jobs, too. Fiat Chrysler announced that
it will be adding 2,500 jobs in the United
States to produce pickups that it has been
making in Mexico. And JP Morgan Chase
is adding 4,000 new jobs and opening 400
new branches.
In addition, companies are finding
other ways to channel the benefits they
are seeing from tax reform back into the
economy. For instance, utility companies,
like Black Hills Energy in South Dakota,
are working with utility regulators to pass
along tax savings to customers through
rate reductions.
All of these examples, which only
begin to scratch the surface of the positive tax reform stories that have been
reported lately, are good news for the U.S.
economy, but they’re even better news
for the American workers and consumers
who help support it.
One of my top priorities during the tax
reform debate was to help create a system that made it easier for businesses to
increase investments here in the United
States, hire new workers, and increase
wages and benefits. At least in the short
term, as evidenced by the growing list
of companies that are citing tax reform
as their reason to boost worker compensation or expand their operation, it’s
working.
It’s working because we lowered tax
rates across the board for owners of small
and medium-sized businesses, farms, and
ranches. We expanded business owners’ ability to recover investments they
make in their businesses, which will free
up cash that can be reinvested in their
operations and their workers. We lowered
our nation’s massive corporate tax rate,
which up until January 1 was the highest corporate tax rate in the developed
world. And we finally brought our international tax system into the 21st century.
Aside from the bonuses, higher wages,
and expanded benefits, a majority of
American workers will soon see an additional boost in their paycheck thanks
to lower individual tax rates, too, which
is why I’m confident the good news we’re
hearing today is just the beginning.
At the end of the day, tax reform is
really about giving the American taxpayer
greater control over the money they
work so hard to earn. The Tax Cuts and
Jobs Act returned a lot of that control to
taxpayers, which means they are the real
winners here, and that is exactly the way
it should be.
2018 State-Tribal Relations Events
To Highlight ‘Partners In Health’
PIERRE, S.D. - The South
Dakota Department of Tribal
Relations (SDDTR) has partnered with the South Dakota
Departments of Health and
Social Services (SDDOH &
SDDSS) to highlight ‘Partners
in Health’ during this legislative session at the State-Tribal Relations Events on Feb.
27 and 28, 2018 in Pierre.
“It is important to
address areas of mutual
concern in health and look
for ways that we can work
together,” said Steve Emery,
Secretary of Tribal Relations.
The events start with a
‘Partners in Health’ StateTribal Listening Session
from 9 a.m. to 4:30 p.m. CST
on Tuesday, Feb. 27 and
will look at public health
and access to care. “Tribal
partnership is an essential
part of our agency’s mission
to promote, protect and
improve the health of every
South Dakotan,” said Kim
Malsam-Rysdon, Secretary of
Health.
Some of the topics
include public health data
overview and resources;
chronic disease prevention and health promotion;
suicide prevention and more.
“Partnership and cooperation with South Dakota tribes
is vital in developing effective behavioral health and
prevention services," said
Lynne Valenti, Secretary of
Social Services.
A Legislative Reception
will follow from 5:30 p.m. to
8:30 p.m. CST. The reception
is by invitation only.
On Wednesday, Feb. 28,
tribal, federal, and state
health booths will be available in the Capitol Rotunda
from 8 a.m. to 3 p.m. CST.
A Rotunda Ceremony will
be held from 11:45 a.m. to
1 p.m. CST featuring a welcome from Gov. Daugaard as
well as comments by tribal
leaders.
Also featured at the
Capitol Rotunda will be the
Sisseton Wahpeton Desert
Era Honor Guard, the Rosebud Singers from Rosebud
Elementary School, and
dancers from Enemy Swim
Day School. A lunch will be
prepared and served by the
Lower Brule High School
with supplies donated
from InterTribal Buffalo
Council and Lynn’s Dakota
Mart. Events in the Capitol
Rotunda are free and open to
the public.
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