WASHINGTON — U.S. Sen. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee, issued the following statement today regarding the Senate’s passage of the Tax Cuts and Jobs Act. “For too long, Americans have struggled to make ends meet in a weak economy. Today the Senate has taken... Continue Reading
WASHINGTON — U.S. Sen. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee, issued the following statement regarding passage of the Tax Cuts & Jobs Act out of the Finance Committee today. “Today Congress is one step closer to delivering a pro-growth tax reform package to the president’s... Continue Reading
WASHINGTON — U.S. Sen. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee, today applauded the Finance Committee’s release of a comprehensive tax reform plan based on the unified framework. Several Thune-authored provisions from previously introduced tax reform bills were included in the broader Senate plan. These provisions,... Continue Reading
U.S. Sen. John Thune (R-S.D.) issued the following statement today regarding the House Ways and Means Committee’s release of a comprehensive tax reform bill based on the unified framework: “For the first time in decades, we have an opportunity to fix our broken tax code and provide better economic opportunity... Continue Reading
U.S. Sen. John Thune (R-S.D.) today discussed several of the GOP’s tax reform objectives, including reforming our outdated international tax code. By transitioning from a worldwide tax system to a territorial tax system where businesses are taxed within the territory they operate, wages will increase and there will be more... Continue Reading
U.S. Sen. John Thune (R-S.D.) today discussed how the GOP’s plan to reform the business side of the tax code will increase Americans’ pay and give them access to the kind of jobs, wages, and opportunities that will set them up for a secure future. To learn more about Thune’s... Continue Reading
U.S. Sen. John Thune (R-S.D.) issued the following statement regarding the Senate’s passage of the FY 2018 budget resolution: “After eight years of a sluggish economy and stagnant wages, 50 percent of Americans are living paycheck to paycheck. That’s not acceptable. Senate Republicans are working toward a pro-growth tax plan... Continue Reading
U.S. Sen. John Thune (R-S.D.) this week discussed an important objective of the Senate Republicans’ pro-growth, comprehensive tax reform legislation: repealing the death tax. Thune explained that South Dakota farmers and ranchers spend tens of thousands of dollars each year to avoid the death tax and preserve their family farms... Continue Reading
U.S. Sens. John Thune (R-S.D.) and Bob Casey (D-Pa.), both members of the tax-writing Senate Finance Committee, today introduced the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act, a bill that would encourage charitable giving and make it easier for foundations and other tax-exempt organizations to conduct their charitable... Continue Reading
U.S. Sen. John Thune (R-S.D.) issued the following statement after President Trump’s address to a joint session of Congress: “Tonight President Trump highlighted his continued focus on tackling the issues that matter most to Americans,” said Thune. “I look forward to working with the president to implement policies that will... Continue Reading
WASHINGTON — U.S. Sens. John Thune (R-S.D.) and Chuck Schumer (D-N.Y.) today reintroduced legislation that would exempt Team USA medalists from being taxed by the Internal Revenue Service on medals or other prizes awarded to them during the Olympic and Paralympic Games. “We should extend a warm welcome and congratulations... Continue Reading
U.S. Sen. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee, issued the following statement after the president signed the Trade Facilitation and Trade Enforcement Act of 2015 (H.R. 644) conference report into law. The conference report, which included several Thune-led provisions that will benefit South Dakota, passed the... Continue Reading
