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SC wants to cut taxes as debt from pension system persists

The latest financial report by the SC Public Benefit Employee Authority shows that though debt improved, the underfinancing has continued.

United statesNorth carolinaSouth carolinaDevyani chhetri greenvilleSenate republican harvey peelerEconomic advisorsRepublican harvey peelerSouth carolinianCapitol report

South Carolina taxes: What to know about new income tax proposal

Gov. Henry McMaster and House Republicans introduced a proposal to lower the tax rate from 7% to 6% over the course of five years.

United statesNorth carolinaSouth carolinaDevyani chhetri greenvilleHenry mcmasterFiscal affairsSenate republican harvey peelerHouse republicansCapitol reportRepublican harvey peelerEconomic advisorsFiscal affairs executive director frank rainwaterHouse ways

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