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Recent Posts
- Duke’s Proposed Mandatory Fee: Unjust and Bad Energy Policy
- Every Family in SC Pays Taxes: The Poorest Pay a Larger Share of Their Income than Wealthiest
- Columbia’s Ballpark Study: Ask the Wrong Questions and You’ll Get the Wrong Answers
- Look at the Net Effect of Economic Development Investments
- Does Building a Public Ballpark Make Sense for Columbia?
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Author Archives: The Ruoff Group
SC House GOP Sales Tax Plan Addresses only 8 % of Exempted Sales
Leaving the cap on sales taxes on cars untouched, the much ballyhooed elimination of “two-thirds of the special interest sales tax exemptions” in the SC House Republican Caucus’s comprehensive tax reform plan only effects 8 % of sales and use … Continue reading
SC House GOP Tax Package Does Little for Economic Development and Poses Long-term Threats to Fiscal Health
The South Carolina House Republican Caucus finally introduced its “comprehensive tax reform plan” this week. The seven planks of the plan include three aimed at encouraging economic development that will do little or nothing to bring new jobs or raise … Continue reading
Funding Private Schools—Here We Go Again
State funding of well-off private school students and homeschoolers is back on the agenda with a South Carolina House subcommittee hearing Wednesday on the latest effort to subsidize private education with public dollars. The design of the latest proposal will … Continue reading
Nikki Haley and Charlotte’s Web
In articulating her economic development strategy, Nikki Haley demonstrates that she learned much more from E.B. White’s Charlotte’s Web than from the large body of research literature on what works in economic development. In this children’s story, Wilbur the pig … Continue reading
Drowning South Carolina Government in a Bath Tub
In pushing for spending caps, Governor Haley and the South Carolina House of Representatives are pushing Grover Norquist talking points, part of a strategy “to shrink government to the size where we can drown it in a bathtub,” rather than … Continue reading
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
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
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
SC Health Insurance Consumers pay $250 per Year in Agent Commissions
Wonder why health insurance is unaffordable? South Carolina’s health insurance companies pay insurance producers (agents and brokers) on average $20.85 per member per month ($250 and change per year) for individual policies, the second highest in the country. See http://www.statehealthfacts.org/comparereport.jsp?rep=108&cat=17&o=a&sortc=1. … Continue reading
Building a Better Gas Tax for South Carolina
South Carolina could generate an additional $407 million in transportation revenues by updating its gas tax to reflect changes in the cost of transportation construction according to a report out today from the Institute on Taxation and Economic Policy (ITEP). … Continue reading
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