Pros and Cons of IM28(Consumption Tax Repeal)

YANKTON, S.D.(HubCityRadio)- League of Women Voters on Thursday hosted a forum addressing IM28.  The initiated measure addresses what South Dakota Attorney General Marty Jackley describe as the repeal of the consumption tax. Speaking in favor of the measure was Dakotan for Health founder Rick Weiland and opposing was the South Dakota Retailers Association President Nathan Sanderson.

Pros:

Weiland talks about South Dakota is one of two states that tax food.

Wieland comments on a campaign pledge that Governor Kristi Noem made in 2022.

Wieland comment on what the Legislative Research Council say will be lost base on the language of the measure.

Wieland dispute the claim that if this passed, it could lead to a state income tax in the state.

Wieland believe now is the time to help the people of South Dakota.

Cons:

Sanderson explains organizations that are for now opposed to IM28.

Sanderson talks about the definition of consumption and used as an example tobacco.

Sanderson compares the measure to the bill Governor Noem proposed to the South Dakota Legislature back in 2023.

Sanderson updates if the measure passed, how much revenue will actually be lost.

Sanderson believes if passed this could lead to South Dakota implementing a state income tax.

South Dakota voters will decide this in the general election.