Taxes and Spending

Impact: Upstate county pushing conservative budget ordinance

Weeks after the Policy Council released its 2025 SC Sustainable Budget – a data-driven report aimed at reining in state government spending – an ambitious budget proposal was introduced to Upstate taxpayers. 

  • Impact: Upstate county pushing conservative budget ordinance

    Weeks after the Policy Council released its 2025 SC Sustainable Budget – a data-driven report aimed at reining in state government spending – an ambitious budget proposal was introduced to Upstate taxpayers. 
  • Lawmakers send pension protection bill to governor's desk

    The S.C. Senate this week unanimously passed a bill (H.3690) to ensure that South Carolina’s pension funds are invested based on financial criteria to maximize shareholder value, not advance ESG (environmental, social, and governance) objectives. The bill, having passed the S.C. House last year in near-unanimous fashion, heads to Gov....
  • The need for spending relief: the 2025 SC Sustainable Budget

    By Bryce Fiedler and Vance Ginn, Ph.D. Thanks to a robust state economy, plentiful business opportunities, and a relatively low cost of living, South Carolina remains one of the fastest-growing states in the nation. To maintain this strong position and promote further growth, it is crucial for S.C. legislators to...
  • Important state budgetary law ignored once again

    More than one hundred planning documents for next year’s state budget are missing important data required by South Carolina law.
  • South Carolina needs more freedom, study shows

    Another study has found that South Carolina relies heavily on government aid compared to other states, ranking 43rd in terms of government independence, according to WalletHub’s June report. When looking at overall dependency (financial, government, job-market, international and personal vice dependency), South Carolina ranks sixth worst in the nation.  ...
  • Fast facts: Why SC needs speedy tax relief

    With the passage of South Carolina’s FY23-24 budget – which grows state government considerably and totals $41 billion in combined funds and $13.7 billion in state funds – it's time for a serious discussion on spending, tax reform, and keeping our state on the right track. 
  • Here's what’s in SC’s next budget (and how it can be better)

    Update 6.23.23: The conference committee's budget document on the Statehouse website appears underrepresent the total "other funds" budget figure. Using figures from the state Revenue and Fiscal Affairs Office, the overall budget is approximately $41 billion.  After weeks of negotiations among House and Senate leaders, the General Assembly on Wednesday passed a...
  • FY24 budget proposals: SC needs (and can afford) a bigger tax cut

    By Bryce Fiedler and Vance Ginn, Ph.D. In January, the South Carolina Policy Council published The 2024 SC Sustainable Budget (SCSB) – an ambitious new project with the goal of keeping state government spending under control. Specifically, it urges legislators to keep annual recurring general funds appropriations from rising faster than state population growth...
  • Issue update: How South Carolina can tackle ESG

    The ESG movement threatens to impact taxpayers across the nation. How should SC respond?
  • Full expensing: an easy tax win for South Carolina

    Full expensing is a tax policy that will put South Carolina at the front of the line for new capital investments as American businesses reshore their supply chains. Full expensing creates better economic growth, higher wages, and a better standard of living for South Carolinians. Pro-growth tax treatment of new investments will bolster...