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  Gov. Sanford Calls for Small Businesses Reforms web posted February 22, 2007 COLUMBIA – Gov. Mark Sanford today made stops at small businesses in Aiken and Charleston to call for reforms aimed at improving South Carolina's climate for small businesses. The governor's three-point plan - outlined in his State of the State last month - would lower income taxes, reform the workers' compensation system and remove barriers for small businesses looking to provide more affordable health insurance for their employees. "Improving the 'soil conditions' for starting and growing a business in South Carolina has never been more important than in today's increasingly global competition for jobs and investment," Gov. Sanford said. "With 97 percent of all businesses in South Carolina being small businesses and with more than half of our workforce employed by those businesses, we have to do everything we can to make sure business owners have a better playing field in which to compete." Governor Sanford is proposing the following for passage this year: - A recurring $200 million income tax cut, offset by revenue growth and an increase in the cigarette tax from 7 cents to 37 cents. States across the country have been working to capitalize on the economic activity generated by income tax cuts - even in states headed by Democratic governors like New Mexico, Oklahoma, and Arizona; - Workers' compensation reform, including standardization of awards, elimination of the Second Injury Fund, elimination of the 50 percent back rule, and increased penalties for fraudulent claims. South Carolina's workers compensation premium increases rank second in the nation since 2000; - Small business healthcare reform that would allow small businesses to band together in order to purchase health insurance for their employees. Small businesses are currently saddled with over 30 mandates that, while well intentioned, make the health care they can offer less affordable. For
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Edgefield County Chamber of Commerce New Link Below Information and Activities  Parting Shots A new book by Columnist Carl Langley -----  JAM Straight Customs  Featured Dining  La Cantina   '08 Debate Get involved NOTICE: We still need recipes for Cooking Section WEBNEWS – Send in your favorite or favorites. There is no limit to the number of recipes you can send in. With the Editor’s wife being the driving force behind her own personal section, help her create an exchange of local favorites, home cooking, grilling, sauces, and deserts! Send in your submissions here. |