091217_YKMV_A3.pdf










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September 12, 2017 • Page 3
My Principles For
Trade Agreements Vital To
Pro-Growth Tax Reform South Dakota’s Economy
By Sen. John Thune
home pay and pursue opportunities that
will put their family in a better position to
succeed, period.
Second, and perhaps just as obvious, tax reform must provide tax relief
to South Dakotans. It would be hard
to find a South Dakotan who believes
they aren’t paying enough in taxes, and
Washington already takes too much of
what they earn. Congress needs to learn
how to spend money more efficiently and
let folks keep more of their hard-earned
paycheck.
Third and fourth, we have to create
a system that encourages well-paying
American jobs to stay in this country, and
it has to increase America’s competitiveness in the global economy. A noncompetitive tax code not only discourages
foreign companies from doing business in
the United States, but it also can encourage some American businesses to move
to a country with a more competitive
system. We’ve got to correct this, and it’s
certainly within reach.
Fifth and finally, tax reform must simplify the tax code, which is far too large
and complex. Whether you’re an individual or a small business owner, everyone
can benefit from a simplified system that
lowers rates and doesn’t stand in the way
of a South Dakotan’s ability to succeed.
Guided by these five basic, commonsense principles, which I’m hopeful will
enjoy bipartisan support, I will work with
my colleagues in Congress to deliver
on our promise of creating a system
that boosts wages, jobs, and economic
growth. It would put middle-class families
back in the driver’s seat of the American
economy. They’ve waited long enough.
My biggest priority for the remainder
of the year will be sending the president
a comprehensive, pro-growth tax reform
package that helps middle-class South
Dakotans who are struggling to make
ends meet. According to a recent study,
50 percent of American voters consider
themselves to be living paycheck to paycheck, and about one-third of them say
they’re just $400 away from a financial
crisis. To put it into perspective, it means
these folks are one broken refrigerator
or unexpected car repair away from a
financial emergency. While it might seem
small, $400 can go a long way for families
in South Dakota.
Living in a constant state of financial
fear and uncertainty, like so many cashstrapped families do these days, isn’t
how most people purposefully choose to
live. The status quo simply isn’t working
for many of them, and it’s putting the
American Dream further out of reach.
Many of these folks are fighting hard to
get a leg up, but they feel burdened by
a system and an economy that for years
has kept wages down and opportunities
few and far between. It doesn’t have to be
this way, though, which is why I believe
Congress has a once-in-a-generation opportunity to help strengthen our economy by reforming our outdated tax code.
I have a set of five key principles that I
believe must govern how any meaningful
tax reform bill is drafted and passed. The
first is a no-brainer. Any bill we pass has
to result in increased wages, jobs, and
economic growth for South Dakotans. It
must help people increase their take-
Reminder To Remove Hay Bales
From The Right Of Way
By Sen. Mike Rounds
Free and fair trade
plays an important role in
the American economy.
It not only leads to more
jobs and higher wages, it
allows American producers to promote and sell
their goods across the
globe by leveling the
playing field with other
competitors. Our farm
economy, in particular,
benefits from trade agreements. As our number one
industry in South Dakota,
I continue to promote and
prioritize trade agreements that benefit our
farmers and ranchers.
I continue to hear from
South Dakota producers and ag groups who
are concerned about the
future of trade agreements. At Dakotafest, the
State Fair and other events
across the state last
month, producers repeatedly told me that opening
up new markets for American exports will greatly
benefit their operations.
Foreign markets absorb
approximately 20 percent
of all U.S. agricultural
production today, which
significantly contributes
to the overall health of
the farm economy. The
economic benefits of
agricultural exports also
extend to businesses in
rural communities, while
overseas farm sales help
to buoy a wide array of industries linked to agriculture, including transporta-
PIERRE, S.D. - The South Dakota Department of Transportation reminds land owners hay remaining in highway ditches after Oct. 1 is deemed illegal.
After Oct. 1, the department will remove or authorize the removal of any illegal hay
bales remaining in the public right of way.
Any person wishing to claim ownership of illegal bales must obtain a permit from
the South Dakota Department of Transportation. Those permits are issued on a firstcome first-served basis and allow permit holders to take ownership of any illegal hay
bale.
Permits are available at Department of Transportation area offices in the following
communities: Aberdeen, Belle Fourche, Custer, Huron,
Mitchell, Mobridge, Pierre, Rapid City, Sioux Falls,
Watertown, Winner and Yankton. Phone numbers can
be found on the website at http://www.sddot.com/dot/
region/Default.aspx.
tion, processing and farm
input suppliers.
In recent months, President Trump has indicated
his desire to renegotiate
the North American Free
Trade Agreement (NAFTA)
and modify – if not completely withdraw from –
our trade agreement with
South Korea. Both of these
agreements benefit South
Dakota producers because
we have no tariffs or limits
on the quantity or value
of products that can be
imported and exported
with countries such as
Mexico and Canada. In
2016, American farmers
sent $20.5 billion worth
of exports to Canada and
$17.8 billion worth of
exports to Mexico, which
is the largest market for
U.S. corn and soymeal,
the second largest market
for U.S. soybeans and the
third largest market for
U.S. beef. Additionally,
South Korea is one of our
top export markets, with
$6.2 billion in ag exports
last year alone.
We all want the best
deal we can get, and I support the president’s goal
to make the best possible
trade deals that will improve America’s ability to
export products. However,
simply withdrawing from
long-standing trade agreements without a similar
structure in place would
cause significant harm to
South Dakota’s producers,
and I would strongly oppose such action.
Earlier this year, I sent
a letter to the new U.S.
Trade Representative,
Ambassador Robert Lighthizer, to encourage him to
maintain strong relationships with our allies in
NAFTA and work to open
up new markets around
the world for American ag
products. I also met with
him prior to his confirmation to discuss increasing trade opportunities
for U.S. producers. I was
pleased to hear that he
agrees with me on the importance of trade for our
ag economy, and in fact,
this spring, the Trump
administration announced
an agreement had been
reached to allow for U.S.
exports of beef, poultry
and natural gas into China.
South Dakota ranchers
are now able to sell highquality beef in this new
and lucrative market. I
continue to encourage the
administration to increase
trade access to markets in
other parts of Asia and the
Pacific Rim region as well.
As we continue to
discuss new opportunities for trade, I will work
with the administration
to promote and prioritize
South Dakota’s agricultural industry. Opening
up new markets for trade
will bring a much-needed
boost to South Dakota’s
farm economy and lead to
higher-paying jobs across
the state.
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