John Thune: “We are one of the few States which does not have a personal corporate income tax. For that reason we have attracted a…”

“We are one of the few States which does not have a personal corporate income tax. For that reason we have attracted a lot of economic development to a State where certainly the climate is not always conducive to attracting people. We have businesses coming into our State because we are very attractive and have a great work ethic. And we have in a systematic way in the last few years as well lowered taxes. On property taxes, our legislature went 5 percent farther. They lowered those taxes by 20 percent a couple of years back. Cumulatively, over the past 3 or 4 years, a 25 percent rollback in property taxes in our State. I think that is significant. What it tells us that it is consistent with our philosophy and I think it is something that should apply here at the Federal level too. That is that we want to make the Federal Government smaller and the family budget bigger. I think that is a principle that is shared by a lot of our governors, our State legislatures around this country. Frankly, we want to see Washington do less so that the American family can do more.”