I never believed Noem truly wanted this tax cut and was probably secretly giddy it failed. I would be shocked if ANY tax cut is approved this legislative session. Playing the Devil’s advocate, why would those who control the coffers want to eliminate a reliable revenue source?
If I were a legislator the prudent thing to do would have been a step reduction in the food tax (eliminating 1.5% this year and 1 penny the following three years and on the 5th year eliminate the municipal food tax portion).
I personally support the property tax cut. While they contend it will only save taxpayers around $300 a year it is around a $800 savings each year in Sioux Falls (that is the approximate take of the SFSD for a $100K valuation). The food tax cut would only save me about $150 a year. As for helping the poor with a food tax cut that is a false flag (an overall sales tax reduction would have a bigger impact). Since most legitimately poor in our state receive food from food banks, FREE school lunches, WIC, churches and SNAP they pay NO taxes on food so why not give them real savings by reducing the overall sales taxes on anything purchased (especially on cigs and beer their biggest staples 🙂 I also think there should have been legislation to eliminate sales taxes on gas and electricity (something renters and homeowners both pay). As I said from the beginning, I don’t think our legislature has the courage to cut taxes. As my stepdad used to say, ‘Gutless Wonders’.