Team,
At a committee hearing this month, my Democratic colleagues and I on the House Ways and Means Subcommittee on Oversight pledged to investigate just how individuals are hiding assets in South Dakota, America’s very own backyard.
Earlier this year, it was widely reported that South Dakota, a red state led by Republican Governor Kristi Noem, is one of the world’s foremost tax havens and a potential hiding place for foreign actors to conceal their assets.
As the representative for the U.S. Virgin Islands, I am very much aware of how places in the Caribbean are stereotyped as places to hide money and evade taxes, while places like South Dakota in the heartland of America, are ignored.
These stereotypes are just flat out wrong – and as a member of the House Ways and Means Subcommittee on Oversight, I will bring to light why South Dakota is alleged to allow Russian oligarchs, drug criminals and the rich to hide their assets, while fighting stereotypes of the people I represent. Will you contribute today and join me in calling for greater transparency over tax havens in our very own backyard?
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Make no mistake about it, if the rich can hide their assets in South Dakota, it is because South Dakota allows it to happen.
Governor Kristi Noem is a Trump loyalist who has constantly criticized the Biden’s administration approach to everything from foreign policy to how we make the rich pay their fair share here at home. While at the very same time, the government she leads allows for potential foreign actors such as Russian oligarchs to hide their money in her state.
It’s time for Republicans in South Dakota to spend less time defending the rich and answer questions as to why they are more than willing to hide wealth instead.
Will you join me today and demand Governor Noem explain why her state is a tax haven for the wealthy?
Thank you,
-- Stacey Plaskett