Don’t Fund Income Tax Stimulus with Corporate Tax Hikes

Don’t Fund Income Tax Stimulus with Corporate Tax Hikes By Burnet Maybank   I was very pleased to read Governor Sanfords recent call for $205 million in income tax reductions. The Governor is to be applauded for his continued devotion to the cause of tax cuts as a significant economic development stimulus. I was concerned, …

Local Government Spending: South Carolina’s Impending Fiscal Crisis

For three decades, South Carolina state and local government spending has grown faster than revenues. Annual government growth has also outpaced the per capita income growth. Three times state lawmakers have responded with swaps and reforms to the tax system. Despite the relief, the counties, cities and school districts have engaged in a perpetual increase …

What is Network Neutrality?

Authors: SCPC and Neil Mellen Proponents of network neutrality want the government to regulate internet access through statutory limitations on service providers. In their effort to ensure freedom of content they seek to limit the rights of access providers. Internet service providers should not be forced into freely carrying all content. The content producers are …

Growth is Self-Financing

A recent study documented the fiscal impact of six new residential subdivisions across the state of South Carolina. After years of local governments complaining about the cost of growth these findings illustrate how the positive economic effects of such developments far exceed the short term costs incurred by their creation. The case studies in Berkeley, …

Tax and Expenditure Limitations (TELs)

An effective Tax and Expenditure Limitation (TEL) in South Carolina would be a constitutional restraint that allows for annual government growth in spending as a function of population growth and economic inflation. Revenues collected beyond this limit would be used towards both an emergency fund and a reserve fund, with excess being returned to the …

How A Tobacco Tax Increase Would Negatively Impact South Carolina

Another Year, Another Tax Hike Proposal: How A Tobacco Tax Increase Would Negatively Impact South Carolina Tax and spend advocates have long argued that South Carolina needs to increase its sales tax on tobacco. For years their rationale was that South Carolina needed the extra tax revenue to provide a quick fix solution to the …

Managed Care Provides Quality, Affordable Health Care

Authors: SCPC and Ashlee Landess For the past two years, pro-tax legislators in the General Assembly have talked about raising taxes to cover the extraordinary growth in Medicaid. Such measures have not succeeded, in large part because many lawmakers, including those in the House and Senate leadership, recognize the need to reform the system to …