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, …
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 …
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 …
Written by: Peter J. Ferrara In his State of the Union Address in January, 1999, President Clinton announced that the Justice Dept. is preparing a litigation plan to take the tobacco companies to court. Clinton had ordered the Justice Dept. to sue cigarette manufacturers to recover the alleged costs paid by Medicare to treat smoking …
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Posted: February 5, 2007 by South Carolina Policy Council
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, …
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Posted: March 23, 2006 by South Carolina Policy Council
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 …
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Posted: January 12, 2006 by South Carolina Policy Council
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 …
Posted: March 1, 2005 by South Carolina Policy Council
Fiscal Impact of the 2005 Universal Scholarship Tax Credit Proposal
By: Cotton Lindsay, Ph.D. Click here to view the PDF version of this report.
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Posted: June 5, 1998 by South Carolina Policy Council
No Taxation Through Litigation
Written by: Peter J. Ferrara In his State of the Union Address in January, 1999, President Clinton announced that the Justice Dept. is preparing a litigation plan to take the tobacco companies to court. Clinton had ordered the Justice Dept. to sue cigarette manufacturers to recover the alleged costs paid by Medicare to treat smoking …