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."
Thursday, December 12 2013 11:30 PM EST2013-12-13 04:30:05 GMT
Buying presents isn't always an option; for some families, essentials are hard enough to cover. Sioux Falls Area Law Enforcement is looking to help through a program in its eighth year. While it is partiallyMore >>
Shopping with Kids and Cops celebrated its eighth year. Sioux Falls Area Law Enforcement went shopping at Target with children chosen by The BanquetMore >>
Thursday, December 12 2013 11:29 PM EST2013-12-13 04:29:11 GMT
Some Sioux Falls middle school students are working on a project that will make you feel all warm and fuzzy... inside and out. They're making blankets...they will be distributed to students all acrossMore >>
Some Sioux Falls middle school students are working on a project that will make you feel all warm and fuzzy... inside and out.More >>
Thursday, December 12 2013 10:06 PM EST2013-12-13 03:06:37 GMT
Thursday, Representative Kristi Noem said Congress is expected to vote on an extension to the current farm bill this week. "It's very controversial. Not everybody believes that extending it will actuallyMore >>
Thursday, Representative Kristi Noem said Congress is expected to vote on an extension to the current farm bill this week. "It's very controversial. Not everybody believes that extending it will actually be helpful." said Dean of College of Agriculture and Biological Sciences at South Dakota State University, Barry Dunn says extending the bill will not do any good. More >>
Thursday, December 12 2013 8:59 PM EST2013-12-13 01:59:17 GMT
Each step is choreographed. Each line delivered with the utmost confidence. The Dakota Academy of Performing Arts is at it again. This time telling the story of James and the Giant Peach."I was reallyMore >>
Acting out a novel with lots of literary elements is no easy feat. In fact, it's a rather giant venture. More >>
Thursday, December 12 2013 7:20 PM EST2013-12-13 00:20:11 GMT
It is a simple act of kindness gone viral. What started as an idea between two Sioux Falls middle school students is now warming hearts across the Sioux Empire. They are two best friends, Damian MarlowMore >>
A secret project by two Axtell Park Middle School 8th grade students warms the hearts of their classmates.More >>
Thursday, December 12 2013 7:05 PM EST2013-12-13 00:05:50 GMT
Sioux Falls, South Dakota: Sioux Falls Sports LLC, the City of Sioux Falls, and SMG jointly announced today that the Sioux Falls Stampede have signed a lease agreement that will make the Denny SanfordMore >>
A drop of the puck, big-time announcement for the Denny Sanford Premier Center.
Thursday afternoon, the future events center announced its first tenant.