|
Featured Sections Headlines Opinion Obituaries Sports Crime Blotter Stolen Property Happenings Country Cooking Wandering Minds Classifieds Birthdays Off The Wall Cartoons On The Record Archives Church Listings   Featured Columns Dr. Myers Carl Langley Editor's Column Registered Sex Offenders for Edgefield County 2005 Crime Stats Video & Audio Updates Audio Archive (Testing) Video Archive Contact us Contact Info or E-mail the Editor Phone: 803-634-0964 day 803-279-5041 eve 803-279-8943 fax Mail to EdgefieldDaily.com PO Box 972 Edgefield SC 29824 School System EC District Office School Board Strom Thurmond Charter Schools Fox Creek Private Schools Wardlaw Academy Public Offices Edgefield County Edgefield Johnston Trenton Political State and Federal Legislative Contacts Local Political Parties Republican Party Democrat Party Chamber of Commerce Edgefield County Chamber Historical Edgefield Genealogical Society News links Edgefield Advertiser The Citizen News Aiken Standard North Augusta Star The State Augusta Chronicle Atlanta Journal United Press Associated Press FOX News Reuters CNS News WorldNet Daily Newsmax Drudge Report GoogleNews Yahoo!News New York Times New York Post Los Angeles Times Washington Times Washington Post |
Comprehensive Tax Reform Passes State Senate web posted February 26, 2009 COLUMBIA – Senate Finance Committee Chairman Hugh Leatherman along with bi-partisan leadership from Sen. Nikki Setzler, today ushered through the State Senate a plan to review South Carolina’s tax code and make recommendations to overhaul it in order to bring about strong economic growth. Economic problems continue to rock the nation, but South Carolina continues to be hit especially hard as we now have the third highest unemployment rate in the nation at 9.5%. Many are blaming South Carolina’s antiquated and piecemealed tax structure as the primary cause of our state’s woes. Called “loophole-riddled” and a “special-interest driven tax system” by The State newspaper, the tax code is an obstruction to economic growth in South Carolina. Senator Leatherman’s Tax Realignment Commission (TRAC) plan is modeled after the federal BRACC program. In an attempt to overhaul the tax code while removing the political pressures from the process, an independent commission of financial and economic experts will be created to assess the effectiveness of the current tax system structure and to provide recommendations for changes to the General Assembly. This plan will alleviate the concerns of politics dictating tax policy. Senator Hugh Leatherman, Chairman of Senate Finance Committee noted, “I am very pleased with the passage, on second reading, of the TRAC legislation today by the Senate. I thank the Members of the Senate for a healthy debate and for passage of the bill. I also thank Sen. Setzler for his leadership on the design and passage of the bill. I believe that the creation of this commission is the best way for South Carolina to re-vamp our outdated tax laws. We must take a serious look at how our tax code works and this commission will be the most effective way for us to do just that. I look forward to final passage in the days to come.” The second reading passed in the Senate with bi-partisan support with a vote of 38-2. © Copyright 2009
EdgefieldDaily.com All
original material is property of
EdgefieldDaily.com and cannot be reproduced, rewritten or redistributed
without the expressed written permission of Edgefield Daily.com
|
Additional Ad locations available Contact Us   Parting Shots A new book by Columnist Carl Langley -------  JAM Straight Customs  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. |
