When republicans won control of the US Senate in last November’s election, they said one of their priority issues would be tax reform.

South Dakota Senator Mike Rounds says at this point, it may be difficult…

 

Rounds says there is a lot of corporate money that is flowing overseas because of the tax laws. He says they want to try to reverse that tide…

 

Rounds says their accounting branch says those dollars are already counted against them…

 

Rounds says tax reform may have to wait until after their budgeting process in late spring.