U.S. Senator Tim Johnson today released the following statement on the final passage of the fiscal cliff deal:
The good news for South Dakotans is that 99% of tax payers will not have their rates go up permanently. The wealthiest among us will help contribute to solving the deficit problems. Especially important for South Dakota is the wind energy production tax credit has been extended for 5 years providing much needed certainty for wind turbine manufacturers and wind farm investors.
We still have a lot of work to do. The sequestration budget cuts were only postponed for 2 months. We are faced with having to raise the debt ceiling. We need to finish the farm bill. We have a lot on our plate to get done.