Editorials

December 15, 2012

Sen. Tom Davis | How to fix Act 388

In 2006 the South Carolina General Assembly responded to outcry from over-taxed homeowners with a law that eliminated school funding from their property tax. Unfortunately, that’s only half the story. When lawmakers passed Act 388, they didn’t cut our overall tax burden, but expanded it by imposing higher sales taxes and additional taxes on businesses, second homes, and industrial and manufacturing properties.

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