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Category Archives: SC Budget
Governor Haley’s Vetoes and Budget Policy: what seventy-four vetoes to the General Appropriations bill and seven in the Capital Reserve Fund bill mean for teachers, the arts and our oceans
The General Assembly’s failure is two-fold—they failed to produce a timely budget and, combined with gubernatorial vetoes issued late Thursday, have thrown school districts and at least two state agencies into uncertainty. Governor Nikki Haley’s vetoes would eliminate $10 million … Continue reading
Posted in Economy, Education Funding, Health Care, SC Budget, Taxes
Tagged Arts, Haley, Higher Education, Vetoes
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Cutting School Taxes to Fix School Funding?
“[A]n investment in public education is essential to the future economic prosperity of our great state” declare the prime sponsors of a proposal for education funding reform. However, in part because they combine this reform with property tax cuts for … Continue reading
Much Ado About Nothing: SC Sales Tax “Reform”
After much publicity about eliminating two-thirds of sales tax exemptions, the SC House Ways & Means Committee concluded on Wednesday that the state’s sales tax system wasn’t so broke after all. After reviewing the $2.8 billion in sales tax exemptions, … Continue reading
Rewarding Work and Building Wealth: A State Earned Income Tax Credit
Rather than doling out small individual income tax cuts of up to $84 per year to better off taxpayers, the South Carolina General Assembly should instead implement a Ronald Reagan endorsed pro-family, job creation measure which can have real impact—a … Continue reading
SC Senate on Verge of Giving State Power to Take Over Medicare
The South Carolina Senate is poised to pass legislation to authorize South Carolina to take over all federal health care programs and repeal all federal health care laws and regulations. That would end Medicare, the health care program for persons … Continue reading
Posted in Economy, Health Care, SC Budget
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SC GOP House Tax Plan Shifts a Billion Dollars onto Owners of Homes and Vehicles
Two of the bills in the SC House GOP Caucus tax package will both transfer significant tax burden onto homeowners and car owners and gut budgets of schools, counties, municipalities and special purpose districts. The legislation is advertised as reducing … Continue reading
Posted in SC Budget
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SC Small Business Tax Cut Shrinks Government but Doesn’t Help Small Business Development
The SC House GOP proposed tax cut for small businesses will cost South Carolina’s General Fund $60 million per year while generating no economic development benefits. This bill reduces the tax rate on businesses which are not “C” corporations (“sole … Continue reading
