January 10, 2009
South Carolina Commerce Secretary Cites State Business Tax Climate Index in Op-Ed Supporting Phase-Out of State Corporate Income Tax
"Without Corporate Income Tax, S.C. Would Win"
By Joe Taylor
Gov. Mark Sanford recently proposed a tax plan that would spur job creation and economic growth in South Carolina. The plan would separate South Carolina from its competition, generate even more interest in our state and create a strong recruiting incentive while providing a means to grow existing businesses.
The Tax Foundation, a nonpartisan, nonprofit research organization based in Washington, D.C., stated that if implemented South Carolina would move from 25th to number six on the Foundation's State Business Tax Climate Index. Clearly, the immediate impact, if implemented, would further enhance South Carolina's reputation as an attractive place to do business.
