Category Archives: Taxes

SC House Republicans Move to Tax Working Poor

The SC House Republicans have moved to amend legislation to increase taxes on working poor South Carolinians.  The bill (H. 4997), part of the House GOP Caucus’s “comprehensive tax reform,” originally provided up to a $168 tax cut to taxpayers … Continue reading

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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

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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

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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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