The US Senate earlier this week narrowly approved a bill sponsored by democrats that would extend the Bush era tax cuts to all, except those making over two hundred fifty thousand dollars a year. The vote was 51 to 48, but is mostly symbolic since it will not pass in the republican controlled House. South Dakota Senator John Thune voted against the bill…
Thune says he would like to see the tax cuts extended, then a debate on tax reform…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2012/07/John-Thune-726b.mp3|titles=John Thune 726b]
Thune says a bigger piece for him is the looming changes to the inheritance tax…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2012/07/John-Thune-726c.mp3|titles=John Thune 726c]He says those changes would affect the vast majority of farm families in the state.