Let’s Jumpstart Comprehensive Tax Reform

Tax & Budget
Blog · September 19, 2023

Since he was elected to the South Carolina Senate in 2012, Senator Sean Bennett has been a strong, steady voice for comprehensive tax reform. Bennett is known for taking to the well of the Senate and laying out his very specific concerns about how our current tax code is unfair, unstable and uncompetitive. Two of

Introducing Fiscal Facts 2023

Tax & Budget
Blog · March 2, 2023

Earlier this year, Palmetto Promise Institute published our Palmetto Freedom Agenda, 23 policies to make South Carolina an even better place to live, work, and raise a family. Today I am pleased to deliver to you a “beta” edition of Fiscal Facts 2023: Data to Support the Palmetto Promise Freedom Agenda. This publication is chock-full

Feed the Pig

Tax & Budget
Blog · October 27, 2022

In our Palmetto Playbook, we decided to take on fiscal policy more aggressively. After all, what policy area is more crucial to the future of South Carolina than how the state handles its money?  Since then, we have been writing about fiscal responsibility regularly.  Thanks for your positive response! Our Playbook look back at state

The Rest of the Tax Cut Story

Tax & Budget
Blog · October 13, 2022

During its 2021-22 session, the South Carolina General Assembly passed a cut in the personal income tax rate. Whew! Finally, the highest marginal personal income tax rate in the South (7%), which has never been cut since its adoption in 1959, is headed for extinction. That’s great news. It was also good to see the

The Blue Flu Pandemic

Tax & Budget
Blog · July 26, 2021

The leading symptoms are a penchant for tax raising and aversion to sunlight, the kind of sunlight that comes from being transparent with people trying to recover from a pandemic about how you are adding to their pain.

A Rainy Day Update

Tax & Budget
Blog · July 26, 2021

How does the Palmetto State stack up against the other 49 in terms of saving for fiscal catastrophes, both with emergency budget set asides and budget surpluses?