December 10, 2008
Charleston Regional Business Journal Discusses Gov. Mark Sanford’s Tax Plan
"Reaction Mixed to Sanford's Tax Reform Plan"
By Scott Miller
The S.C. Chamber of Commerce said the tax reform Gov. Mark Sanford proposed Tuesday does not go far enough.
The nonpartisan Tax Foundation, meanwhile, said Sanford's tax policy will create a better business climate and boost economic development, despite the elimination of several tax incentives aimed at luring new businesses.
The state would give up some ability to focus its efforts on certain industries, but, overall, all industries would benefit from Sanford's plan, said Josh Barro, a staff economist at the Washington, D.C., research group.
