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, …

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 …