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
As South Carolina deliberates over an array of options for how and when to get students physically back in school without further loss of academic progress, we have solid examples from other states and other countries on ways to open schools safely. South Carolina’s AccelerateEd task force has floated the possibility of opening schools as
Palmetto Promise Institute joined the Federation for Government Accountability (FGA) and other partner organizations in asking lawmakers on Capitol Hill to block the so-called “maintenance of effort” (MOE) provision in the Families First Coronavirus Response Act (FFCRA). This provision would cause irreparable harm to state budgets. You can read the letter below. May 21, 2020 The
Palmetto Promise Institute signed onto a letter, joining 15 other organizations, calling on lawmakers to support the “Getting Americans Back to Work Act”, limiting federal unemployment benefits to the applicant’s last paycheck. This bill will help restart the American economy. May 18, 2020 United States House of Representatives Washington, DC 20515 Dear Representative, We, the
Once it became clear that COVID-19 could overwhelm our hospitals, Governor McMaster temporarily waived SC regulations that restrict hospitals and their ability to add capacity to their facilities. According to current law, SC hospitals and medical practices cannot add any beds to their facility without obtaining approval from the state. Why do we put these
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
Palmetto Promise signed onto a letter to Capitol Hill calling on lawmakers to give COVID relief to private schools. Some of the requests in the letter include: “Temporary education tax credit.” Families paying private school tuition for the 2019 and 2020 tax years should get a 50 percent tax credit on that tuition. “Temporary charitable
Palmetto Promise Institute surveyed South Carolina’s independent schools to learn how the COVID-19 pandemic has affected them and how they have responded. You can view detailed survey results by clicking here. Here are a few of the survey’s findings: Participation Rate A total of 220 schools received the survey. 157 schools from every corner of
Palmetto Promise Institute joined the Mackinac Center along with several other State Policy Network partners calling on Congress to not bailout state or local governments for budget issues not associated with the COVID-19 pandemic. You can read the letter below. May 8, 2020 Dear Leader McConnell, Speaker Pelosi, and Minority leaders Schumer and McCarthy: The
Palmetto Promise polled private schools on how their operations—instructional, financial, and otherwise—have been affected by COVID-19. We released the results, paired with projections about the range of potential impacts of declining private school enrollment and possible school closures on public school budgets in a first-of-its-kind SC-specific analysis. This survey sparked a long-overdue public conversation
