The Palmetto Insider

The blog of the South Carolina Policy Council

Politicians’ Attempt to Create ‘Jobs Plan’ Hurts SC

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taxAccording to the Tax Foundation, South Carolina ranks in the bottom half of states in terms of overall business climate.

Eliminating the state’s 5 percent corporate income tax would enable the Palmetto State to improve its ranking all the way to 11th.

The General Assembly has created a tax code that is complex and difficult to comprehend.

Politicians are always talking about their “jobs plan” and how they can best create a healthy economy.

That’s not the job of government.

Here’s a look at some economic development policy issues that might come up in the 2010 session.

Written by Geoff Pallay

October 9, 2009 at 1:31 pm

Posted in Capitalism, Taxes

Tagged with ,

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