A world renowned economic policy adviser who’s worked with President Ronald Reagan and former California Gov. Jerry Brown says South Carolina’s arcane tax code is stifling its growth.
“You need to have a Ph.D in complication to figure out what’s going on in your state,” economist Arthur Laffer told the House Tax Policy Review Committee on Thursday. “You’ve been given this blessing of in-migration with dollars coming with it, and it will not last forever.”
The panel will ultimately make recommendations to the budget writing Ways and Means Committee on what can be done to streamline the state’s tax code.
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by adam benson
march 25, 2019