Charleston Currents – growth

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Brack: 7th cent in sales tax would cripple S.C.’s growth

Brack: 7th cent in sales tax would cripple S.C.’s growth

JAN. 19, 2015 | If a bill being pushed to add a seventh penny of state sales tax to fix roads ends up making it through the legislature, the state would suffer mightily.

Simply put, it’s a dumb idea. Not only would it make the Palmetto State less competitive, but it would catapult South Carolina into having the highest sales tax rate in the Southeast and the second highest in the nation! Imagine an economic recruiter trying to explain that to a prospect who wants to locate here.

by Andy Brack · 01/21/2015 · Comments are Disabled · Andy Brack, Views