As South Carolina budget writers continue to warily watch COVID-19’s impact on state revenue projections, what better time to take a look at how South Carolina generates tax revenue. Tax economists generally advocate for a “3-legged” stool of taxation, a balanced combination of income, consumption (sales), and property taxes, to create revenue stability across the
We hope this message finds you safe as South Carolina slowly but surely moves towards the “next normal.” Governor McMaster has now allowed indoor restaurant dining and has set a date of next week for the opening of close-contact businesses like hair and nail salons. We’re encouraged to see folks able to get back to work
In a matter of days, broadband connectivity went from being a luxury to a virtual necessity. Millions of adults suddenly found themselves working from home and students moved to learning online practically overnight. For many individuals, the only way to see their doctor is through telemedicine. While some communities across America have the internet infrastructure
When the COVID-19 madness hit, the Governor and the House of Representatives had already had their crack at the state budget for the fiscal year beginning July 1, 2020.
