Monthly Archives: January 2012

A Foolish Inconsistency, SC Leaders on Military and State Spending

Recent articles in South Carolina papers point to the growing concern that military spending cuts evidenced by base closings and slow-downs in spending on F-35 fighters destined for South Carolina will have a negative impact on our state’s economy.  James … Continue reading

Posted in Economy, SC Budget | 1 Comment

Haley Budget Priorities: Savings and Tax Cuts but Not Schools

Although state funding for our local schools is $600 million short of what our funding formula (the Education Finance Act) calls for and state economists project nearly a billion dollars in available additional revenue , Governor Nikki Haley’s first Executive … Continue reading

Posted in SC Budget, Taxes | Tagged | Leave a comment

Another Bad Idea: Axing the SC Corporate Income Tax

In 2011, we will again see proposals to repeal the corporate income tax to “encourage economic development”.  The only real effects will be to further reduce revenue and make it harder to make the long-term investments that will produce sustained … Continue reading

Posted in SC Budget, Taxes | Tagged , | 1 Comment