Category Archives: Taxes

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

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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

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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

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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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The Rest of the Story on South Carolina Sales Tax Exemptions

The debate over South Carolina sales tax exemptions and caps is heating up. Some clarity is needed. In Sunday’s The State, SC Senate President Pro Tempore Glenn McConnell and House Speaker Bobby Harrell ( attack the litigation filed by Democratic … Continue reading

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