December 5th, 2008

Our tax system as currently constructed isn’t working – not for individuals, not for families, and not for businesses. For too long we’ve come at tax policy with a Band-Aid approach: see a problem, patch the problem, forget the problem. That’s a terrible way to go about things, as inevitably it creates holes and shifts the burden from one group to another. Far too often those that end up shouldering that burden are our small businesses, those same small businesses that drive South Carolina’s economy. We need a top-to-bottom overhaul of our system that starts with looking at the true cost of every single tax and fee we impose on our citizens and ends with South Carolina families and businesses keeping more of what they earn. The first two tax reforms I will push are the elimination of the small business and personal income taxes.  When South Carolina stops punishing our business owners and individuals for their successes and instead starts to reward them, they will reinvest in our state, hire more workers, and our economy will start to move.