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Mark Sanford on Corporations
Republican SC Governor; previously Representative (SC-1)
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Cut corporate income tax by raising cigarette tax
We continue to believe that there are other things we could do to improve the economy like raising our lowest-in-the-nation cigarette tax and swapping this with an equal dollar cut to the corporate income tax.
The net effect of the change we have proposed here is that South Carolina's ranking on the state business tax climate index would move from 25th to the 6th most competitive state in the country--and changes like this would produce jobs.
Source: South Carolina 2010 State of the State Address
, Jan 20, 2010
Sugar subsidy is corporate welfare to a wealthy few
On the House floor in 1996, I said: “This vote is a gut check. It asks us who we are and what we do really believe in. As Republicans, we talk about free enterprise, we talk about open markets. Yet, the federal sugar subsidy program has a guaranteed floo
price of 23 cents. When I go to the produce store, I do not see a guaranteed floor price for tomatoes. When I go to the car shop, I do not see a guaranteed price for repairing the car. When I go to the hardware store, I do not see a guaranteed price for
hammers. Yet are we going to make an exception here?“You are looking at $1.4 billion of benefit. This subsidy flows down to one family in Palm Beach that gets millions every year. This style of profiteering does not pass the common sense test, nor doe
the sugar program.
The vote to end this absurd corporate welfare program came to a disappointing result. Term limits would do much to end such patently offensive and nonsensical programs as the sugar subsidy.”
Source: The Trust Committed to Me, by Mark Sanford, p. 65-67
, Nov 4, 2000
Page last updated: Nov 23, 2011