Governor pushes budget cap, ending corporate income tax, proposes truce with Legislature
Gov. Mark Sanford outlined a mix of new and old ideas in his annual State of the State address he felt would improve the state economy, improve education and streamline state government.
Lets see what our leadership has offered. He wants more tax cuts, school choice, a budget cap and more power for the executive branch. That sounds a whole lot like it Stanfords plan when things were working well. This is an amazing one size fits all solution, no matter what it happen in our state, nation or world, these are the steps we need to take to advance. The economy is going great, cut taxes and give us state paid access to private schools, economy is tanking, well, lets see, lets cut taxes and give us state paid access to private schools.
In addition, these ideas sounds a lot like what we have been doing in DC for the last few years, and we all see how well that worked out.
What I find most interesting is the insistence on more tax cuts. In light of the impact of last years tax cuts, they were the direct cause of our current budget crisis,.
Economists suggest that worst effects of national economic downturn have yet to hit state
The hundreds of millions of dollars that have been cut thus far this year from the state budget have more to do with recently approved tax cuts than the faltering economy, state economists say.
Ominously, they think the worst of the nation’s economic problems have not yet hit South Carolina.
it takes great courage (or a firm adherence to dogma over reality) to continue to push this idea when considering the national economic situation.
I guess they think that our the last tax cuts were so successful that another is obviously a great idea. Of course you have to understand the goal of those who want these cuts, they do not like government, they want to kill government, and the surest way to do that is to keep it so poor it is impotent that it is useless.
and it appears to be working.
South Carolina, Tax