Why Another Earned Income Credit Won’t Help

MORE LAYERS OF GOVERNMENT PROGRAMS WON’T ADDRESS THE PROBLEM OF POVERTY. BUT SOMETHING ELSE WILL. South Carolina is among the poorest states in the nation. That’s no secret. But with a comparatively high sales tax and personal income tax, South Carolinians also endure some of the highest taxes in the nation. The state’s top marginal tax […]

Category: Commentary, Taxes & Regulation · Tags:

Do South Carolinians Have the Right to Work?

REMEMBER, THE FREEDOM TO WORK MEANS MORE THAN THE ABSENCE OF UNIONS Last year during National Employee Freedom Week, we posed this question: Is South Carolina really a “right-to-work state”? Of course it is, right? Well, hold on. By the common legal definition, yes – South Carolina is a right-to-work state: its residents can’t be forced […]

Category: Taxes & Regulation · Tags:

The Case for Deregulating the Taxi Cab Industry

WE’RE ALL THE BENEFICIARIES OF CREATIVE DESTRUCTION In recent weeks, taxi services have protested in Washington D.C., Boston, London, and elsewhere over the existence of ride-sharing services like Uber (or Uberx), Lyft, and Sidecar. These latter companies, it’s alleged, are taking customers traditional taxis would otherwise assist.And since they’re not taxi services in the ordinary […]

The Lowest Taxes: How to Get There

WHAT STANDS IN THE WAY ISN’T LOGIC BUT POWER South Carolina will never truly be considered the freest state in the nation until its citizens are able to keep more of what they earn by living under a tax code that collects only what is necessary for core government agencies to function. The goal of […]

Category: Taxes & Regulation · Tags:

How to Dismantle the Regulatory State

  REGULATION STUNTS OUR ECONOMY AND HURTS CONSUMERS. HERE’S WHAT TO DO ABOUT IT. South Carolina, like the rest of America, is suffering from burdensome regulation on individuals and businesses. But while every state suffers from excessive regulation from Washington, South Carolina is actually adding to the burden, not easing it. Virtually everyone in “red […]

Ticking-Clock

Governor Calls for Income Tax Elimination…In the Last Week of Session

A GREAT IDEA…BUT A LITTLE LATE This week, it came as a surprise to many when Governor Haley called for abolishing South Carolina’s income tax. This new proposal is significantly more ambitious than anything Haley has proposed on taxes before. The governor’s previous income tax proposal consisted of deleting the state’s 6 percent bracket in […]

The Truth about Licensing Laws

THEY STIFLE COMPETITION AND PENALIZE LOW-INCOME CITIZENS. SO WHY DO S.C. LAWMAKERS LIKE THEM SO MUCH? Last week the Policy Council drew attention to the contrast between South Carolina’s free market reputation and its economic reality by examining the tax bills introduced during the 2014 legislative session. This week we’re taking a look at the […]

Category: Taxes & Regulation · Tags:

S.C.’s Economic Outlook Still Lackluster

 A BRIEF LOOK AT WHY  The latest ALEC-Laffer State Economic Competitiveness Index ranks South Carolina’s economic outlook at 31st in the nation. That’s right. Despite handing out hundreds of millions of public dollars in corporate welfare, hundreds of press releases proclaiming new jobs and investments, and countless ribbon-cutting ceremonies, South Carolina’s economic outlook still lags […]

Category: Commentary, Taxes & Regulation · Tags:

state house dome

S.C. Lawmakers & Your Taxes

THINK S.C. LAWMAKERS ARE SERIOUS WHEN THEY EXTOL THE VIRTUES OF “LOW TAXES”? PREPARE TO BE DISAPPOINTED. South Carolina is known as a “red state” and a “conservative” state, and  so one might be led to believe it’s a place where non-“progressive,” free-market policies reign. Certainly South Carolina has a reputation for being a “low tax […]

Category: Taxes & Regulation · Tags:

New Deregulation Bills Filed

ARE LAWMAKERS GETTING SERIOUS ABOUT REGULATION? The Policy Council has pointed out before the economically destructive effects of regulation. We’ve also argued that regulation is often – perhaps usually – less about protecting the consumer and more about protecting established businesses to the detriment  of would-be entrepreneurs. Several months ago, the Governor’s Regulatory Review Task […]