Johnstone Supply is a wholesale distributor for plumbing, electrical, and refrigeration supplies. Rick Hull owns the franchise in Sioux Falls.
"Most of us small business owners we don't take home $250,000. As a matter of fact, my wife and myself paid more in taxes, or twice as much in taxes, as we take home as our paycheck," said Hull.
That's why he wanted to talk with Congresswoman Kristi Noem. She says President Obama's proposal to increase taxes on individuals making more than $200,000 and couples making more than $250,000 will cost South Dakota thousands of jobs.
"As a result of this tax hike that's coming we're going to lose 2,200 jobs in South Dakota," said Noem. "That's a big deal. That's something we need to be really concerned about."
Noem thinks the increase will then be passed along to the customer, which she said could have major repercussions.
"I think it could be devastating because right now we're coming out of a recession. We're facing a drought, which our ag economy is what has always pulled us through tough times in the past, and then you have higher tax rates that keep people from being able to make decisions and grow their business."
Monday, May 20 2013 11:08 PM EDT2013-05-21 03:08:09 GMT
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Friday, May 17 2013 8:00 PM EDT2013-05-18 00:00:25 GMT
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Thursday, May 16 2013 11:00 PM EDT2013-05-17 03:00:30 GMT
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Tuesday, May 21 2013 7:59 AM EDT2013-05-21 11:59:49 GMT
Isabella is a 2-year-old brown and white Terrier/ American Pit Bull mix. She was dropped off at night, so the Sioux Falls Humane Society does not have a lot of information about her. But she is reallyMore >>
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Tuesday, May 21 2013 3:46 AM EDT2013-05-21 07:46:06 GMT
More than 9,000 fans cheered for the Birds this opening weekend. Canaries organizers say they want people to come check out what's new for the team this year. This past week the Sioux Falls CanariesMore >>
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Monday, May 20 2013 11:29 PM EDT2013-05-21 03:29:47 GMT
Construction season has hit with full force in Sioux Falls. It seems everywhere we look there are orange cones and that's certainly put a damper on some downtown businesses. If you're headed down 6thMore >>
If you're headed down 6th Street toward Phillips, don't be in a hurry because you'll see many signs saying 'Road Closed'. One business, Acoustic, is not too fond of it.More >>
Monday, May 20 2013 11:18 PM EDT2013-05-21 03:18:57 GMT
The Sioux Falls Police Department conducted a liquor sting Monday night. Of 27 off-sale liquor establishments checked, two failed by selling alcohol to a person under 21-years-old. The business's thatMore >>
Of 27 off-sale liquor establishments checked, two failed by selling alcohol to a person under 21-years-old.More >>
Monday, May 20 2013 8:57 PM EDT2013-05-21 00:57:51 GMT
Sunday was a big day for the Sioux Falls School District as the senior class of 2013 celebrated graduation. All three graduations were held Sunday. We stopped at the Roosevelt High School ceremony whereMore >>
Sioux Falls public schools celebrated graduation, Sunday.More >>