Reviewing the Records: SC Supreme Court Seat 3 & Court of Appeals Seat 6

Written by: SCPC and BIPEC The economic impact of Supreme Court and Court of Appeals decisions play a significant role in determining the success or failure of aspiring individuals, business and industry and South Carolina as a whole. This report is an attempt to assist them in their efforts to gain a better understanding of …

South Carolina Needs State and Local Spending Caps

Since 2004, state spending has grown nine percent each year while family incomes in South Carolina have grown at just three percent. In that same period, the median family income in South Carolina has risen only three percent per year. Lawmakers need to limit all government spending growth to a multi-year averaged index of consumer …

South Carolina Needs State and Local Spending Caps

Since 2004, state spending has grown nine percent each year while family incomes in South Carolina have grown at just three percent. In that same period, the median family income in South Carolina has risen only three percent per year. Lawmakers need to limit all government spending growth to a multi-year averaged index of consumer …

Supplement not Supplant: Education Lottery Revenues

Education Lottery revenues have in many instances supplanted, not supplemented, the States spending on K-12 and Higher Education. In the former, this has meant Lottery money for basic instructional needs rather than special programs and teacher training. With Higher Education, this has caused a shell game of rerouting money through scholarships to pay for higher …

South Carolina’s Built-In Income Tax Hikes

South Carolina’s income tax structure is antiquated. As salaries rise with inflation, the increased take-home income drives workers into higher marginal rates of taxation. This occurs even if a workers real disposable income and purchasing power remain steady. Such a system means that South Carolina workers are being subjected to built-in tax hikes as their …

South Carolina’s Climate Advisory Committee: What to Expect

Public policy choices should be informed, well balanced, and based on solid empirical data with dynamic analysis of costs and benefits. While the Committee offers South Carolina an excellent opportunity to rigorously evaluate important environmental policy options, lawmakers should not be surprised if CCS instead produces yet another carbon-copy of its expensive and partisan regulatory …

State Spending Growth Tops Southeastern Region

The Fiscal Survey of the States, a joint publication of the National Governors Association and the National Association of State Budget Officers was released this month. The reported cited South Carolinas spending growth as among the highest in the nation. Between 2006 and 2007 South Carolinas General Fund expenditures grew by 18.1 percent. South Carolina’s …

The Economic Impact of a 45 Cent Tobacco Tax Increase

Despite a surplus of more than $1.3 billion in tax revenues for 2006, lawmakers in Columbia are looking to increase taxes on cigarettes by 45 cent a pack. Not satisfied with nearly $30 million dollars in cigarette tax revenue for 2006, policy makers plan to roll out a regressive tax that will cost the state …

National Study Confirms: Taxes in South Carolina are High, Rising

In late April of 2007, the Tax Foundation, a nonprofit, nonpartisan research organization, released a new report that detailed the rising burden of state and local taxation. The report found that state and local taxes will consume eleven percent of national income in 2007. Defenders of big government in South Carolina have long argued that …