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Henry McMaster on Tax Reform

 

 


Lower taxes helps us compete: $2.2B tax cut

We have the highest marginal income tax rate in the southeast--the 12th highest in the nation. Seven states have no income tax at all. Taxes of all kinds at all levels add up--little by little--to smother growth. Beating the competition requires reforming our state's marginal income and corporate tax rates. That's why I have proposed a $2.2 billion tax cut across all personal income brackets resulting in an average 15% rate reduction.
Source: 2019 State of the State address to South Carolina congress , Jan 23, 2019

Low taxes spur economic growth and prosperity

The recent tax reform bill signed by President Trump was a great victory for American taxpayers and our economy. But with the federal government cutting taxes, it is now more important than ever for us to do our part. My executive budget proposes a $2.2 billion tax cut for every South Carolinian.

The first year's cut amounts to $139 million. To all the South Carolinians listening tonight: that's $139 million that would have gone to government, and will stay with you instead.

Like Presidents Reagan, Kennedy and now Trump, I believe that low taxes spur economic growth and prosperity. Yet, South Carolina currently has the highest marginal income tax rate in the southeast--the 12th highest in the nation. Seven states have no income tax at all. Taxes of all kinds at all levels add up--little by little--to smother growth.

We must act. We must heed the lessons of history. We must respect the right of the people to their own money, for their own purposes, according to their own priorities.

Source: 2018 State of the State speech to South Carolina legislature , Jan 24, 2018

Other governors on Tax Reform: Henry McMaster on other issues:
SC Gubernatorial:
Catherine Templeton
James Emerson Smith
John Warren
Kevin Bryant
Lindsey Graham
Mick Mulvaney
Tommy Pope
Yancey McGill
SC Senatorial:
Brad Hutto
Jay Stamper
Joyce Dickerson
Lee Bright
Nancy Mace
Rick Wade
Thomas Dixon
Thomas Ravenel
Tim Scott

Gubernatorial Debates 2019:
KY:
Bevin(R)
vs.Goforth(R)
vs.Adkins(D)
vs.Beshear(D)
vs.Edelen(D)
LA:
Edwards(D)
vs.Abraham(R)
MS:
Bryant(R)
vs.Foster(R)
vs.Hood(D)
vs.Reeves(R)

Gubernatorial Debates 2018:
AK: Walker(i) vs.Dunleavy(D) vs.Chenault(R) vs.Huggins(R) vs.Begich(D) vs.Treadwell(D)
AL: Ivey(R) vs.Countryman(D) vs.Battle (R) vs.Maddox (R) vs.George(R) vs.Carrington(R)
AR: Hutchinson(R) vs.Henderson(D) vs.West(L)
AZ: Ducey(R) vs. Garcia (D) vs.Farley(D)
CA: Newsom(D) vs.Chiang(D) vs.Villaraigosa(D) vs.Eastin (D) vs.Hadley (R) vs.Cox (R) vs.Istvan (I) vs.Allen(R) vs.La Riva(P)
CO: Johnston(D) vs.Mitchell(R) vs.Kennedy (D) vs.Robinson (R) vs.Barlock(R) vs.Lynne(R) vs.Polis(D) vs.Coffman(R) vs.Brauchler(R,A.G.) vs.Stapleton(R)
CT: Malloy(D) vs.Lamont(D) vs.Stefanowski(R) vs.Srinivasan(R) vs.David Walker (R) vs.Lumaj(R) vs.Visconti(R) vs.Lauretti(R) vs.Drew(D)
FL: Gillum(D) vs.Graham(D) vs.Putnam(R) vs.Levine(D) vs.DeSantis(R)
GA: Kemp(R) vs.Cagle(R) vs.Hill(R) vs.Abrams(D) vs.Levine(D)
HI: Ige(D) vs.Hanabusa(D) vs.Tupola(R) vs.Carroll(R) vs.McDermott(R)
IA: Reynolds(R) vs.Leopold(D) vs.Boulton(D) vs.McGuire(D) vs.Glasson(D) vs.Hubbell(D) vs.Porter(L) vs.Battaglia(L)
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IL: Rauner(R) vs.Kennedy(D) vs.Pawar(D) vs.Daniel Biss (D) vs.Pritzker(D) vs.Ives(R)
KS: Brewer(D) vs.Hartman (R)

Gubernatorial Debates 2018:(continued) vs.Colyer(R) vs.Kobach(R) vs.Orman(I) vs.Kelly(D)
MA: Baker(R) &Polito(R,Lt.Gov.) vs.Warren (D) vs.Massie (R)
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NE: Ricketts(R) vs.Krist(D)
NH: Sununu(R) vs.Jarvis(L) vs.Marchand (D) vs.Kelly (D)
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OK: Stitt(R) vs.Cornett(R) vs.Edmondson(D) vs.Richardson(R) vs.Johnson(D) vs.Powell(L) vs.Maldonado(L)
OR: Brown(D) vs.Inman(D) vs.Buehler(R)
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RI: Raimondo(D) vs.Brown(D) vs.Fung(R) vs.Morgan(R)
SC: McMaster(R) vs.McGill(R) vs.Pope(R) vs.Templeton(R) vs.Smith(D) vs.Warren(D) vs.Bryant(R)
SD: Noem(R) vs.Jackley(R) vs.Sutton(D)
TN: Green(R) vs.Dean(D) vs.Black(R) vs.Lee(R)
TX: Abbott(R) vs.Glass(L) vs.White(D) vs.Valdez(D)
VT: Scott(R) vs.Moody(R) vs.Hallquist(D) vs.Stern(D)
WI: Walker(R) vs.Harlow(D) vs.Vinehout(D) vs.Evers(D) vs.Roys(D) vs.Anderson(L)
WY: Throne(D) vs.Dahlin(R) vs.Gordon(R) vs.Rammell(R)
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Page last updated: Mar 20, 2019