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Race on in SD to shield assets from fiscal cliff - Capital Journal: News

Race on in SD to shield assets from fiscal cliff

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Posted: Monday, December 31, 2012 12:19 am | Updated: 12:20 am, Mon Dec 31, 2012.

SIOUX FALLS, S.D. (AP) — South Dakotans are scrambling to protect family farms, businesses and other assets as lawmakers in Washington struggle to strike a deal before the so-called “fiscal cliff” prompts a variety of tax hikes in the new year.

Lawyers and court workers said they’ve seen more business than usual in the past few weeks as residents worry that Congress and President Barack Obama will continue the stalemate that’s thwarted efforts to avert mandatory spending cuts and tax increases on Jan. 1.

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