Michels Says Restricting Contractor's Excise Tax Will Cap Growth

South Dakota Lt. Governor Matt Michels says a measure on the ballot would, if approved, prevent the Governor’s Office of Economic Development from using a portion of the contractor’s excise tax to provide economic recruitment incentives.  He says restricting the use of those funds hinders the state’s ability to attract and grow businesses…

[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2012/09/dl64.mp3|titles=dl64]

Michels also weighed in on another ballot issue that asking South Dakota voters to raise the state sales tax by a penny to help fund education and offset Medicaid costs…

[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2012/09/dl65.mp3|titles=dl65]

Michels says a penny sales tax may not seem like a lot but that it is…

[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2012/09/dl66.mp3|titles=dl66]

Michels comments were made last week.

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