Bankers across South Dakota will continue meeting with local governments, presenting their case for tax reform that would increase taxes paid by credit unions and the Farm Credit System. While those changes are needed at the federal level, Congress so far has not been eager to take on those modifications. Curt Everson, President of the South Dakota Bankers Association, says many long running tax breaks may not be needed anymore…
Everson says they will continue to tell their story…
Everson says while Congress may not be ready now to take on the tax challenge, they want to have their case ready if the climate changes…
Both credit unions and the Farm Credit System have answered the bankers, saying their mission is different than banks, and they pay the appropriate taxes.