Tuesday, June 18, 2013

Latest local news, weather and high school sports for Myrtle Beach and Florence

Haley applauds House GOP for tax-cutting bills
Posted: 02.12.2013 at 3:04 PM
0
Photo

(AP) -- Gov. Nikki Haley is praising House Republicans in South Carolina for proposing to further cut income taxes.

Measures introduced in the House differ from her recommendation, but Haley said Tuesday she supports anything that reduces income taxes. Haley wants to eventually eliminate corporate and personal income taxes, as a business recruitment tool.

Haley's executive budget recommends eliminating the 6 percent tax bracket, cutting $26 million.

Legislation introduced in the House last month would collapse four middle tax brackets. State economic advisers predict that would reduce revenues by $80 million.

A separate House GOP bill would eliminate corporate income taxes over four years, eventually reducing revenues by more than $220 million.

Haley's praise is in contrast to 2012, when she toured the state lambasting Republicans for not directly following her plan.

(Copyright ©2013 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Alligator dies after being hit by two cars
Tonya Brown  |  Today at 12:10 PM  |  10 comments
Thumbnail
Prison guard recovering after she is attacked by inmate
Tonya Brown  |  Today at 11:55 AM  |  1 comment
Thumbnail
Fire marshal shuts down portion of motel where foreign students live
Lisa Edge  |  Yesterday at 11:20 PM  |  4 comments
Follow Carolina Live
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Sesame Street LIVE ticket giveaway
Want to win a family four pack?
Win $500 here
Click here to see how you can win $500
Looking to set a tee time in Myrtle Beach?
Click here to check tee time availability and set a time
Arbor One SCISA Spotlight
Click here to see the most recent SCISA spotlight
ADVERTISEMENT