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February 26, 2022 State House majority leader Rep. Gary Simrill (R-York) on the $600 million tax cut recently passed by the chamber and other priorities for this legislative session; President Joe Biden announces his Supreme Court nominee; and more.
The Republican-dominated South Carolina House has unanimously passed a $600 million income tax cut in less than 15 minutes of debate. Much of that short time Wednesday was spent with Democrats praising the proposal. Democratic Rep. David Weeks of Sumter called the tax cut the best thing since sliced bread for the working man in South Carolina. The House plan cuts the states top income tax rate from 7% to 6.5% next year and continues to reduce it to 6% over the next five years if the economy continues to grow. The proposal heads to the Senate, where leaders propose an even bigger cut from 7% to 5.7% and also $1 billion in rebates.