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Henry McMaster on Tax Reform

 

 


15% across-the-board reduction for all personal brackets

Reducing the tax burden on people and businesses continues to be one of the most important ways South Carolina can lay a foundation for future growth. South Carolina's marginal tax rate of 7% is the highest in the southeast and the 11th highest in the nation. I propose that we cut our state's personal income taxes through a phased-in five-year 15% across-the-board tax reduction for all personal income brackets, keeping us competitive with our neighboring states.
Source: 2021 State of the State Address: South Carolina legislature , Jan 13, 2021

Cut income tax by $2.6 billion over five years

Last year, we returned $67 million to the taxpayers in a one-time rebate check. It was well-received. This year, I propose that we return twenty-five cents of every surplus dollar to the taxpayers through rebates and tax cuts. It's their money. Many people don't believe it but reducing taxes in fact results in tax receipts increasing, not decreasing.

South Carolina has the highest personal income tax rate in the southeast and the twelfth highest in the nation. Therefore, I ask that we cut our state's personal income taxes by $160 million this first year, for a total of $2.6 billion over five years. This means a 15% across-the-board tax reduction for all personal income brackets, keeping us competitive with our neighboring states. This year, with a $1.8 billion surplus, if we don't cut taxes and send money back to the people, shame on us.

Source: 2020 South Carolina State of the State address , Jan 22, 2020

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

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Catherine Templeton
James Emerson Smith
John Warren
Kevin Bryant
Lindsey Graham
Mark Sanford
Mick Mulvaney
Tommy Pope
Yancey McGill
SC Senatorial:
Gloria Bromell Tinubu
Jaime Harrison
Joyce Dickerson
Lindsey Graham
Thomas Dixon
Tim Scott
Gubernatorial Debates 2021:
NJ: Incumbent Phil Murphy(D)
vs.State Rep. Jack Ciattarelli(R)
vs.Candidate Hirsh Singh(R)
VA: Incumbent Ralph Northam(D,term-limited)
vs.A.G. Mark Herring(D)
vs.State Sen. Amanda Chase(R)
vs.Lt. Gov. Justin Fairfax(D)
vs.State Rep. Jennifer Carroll Foy(D)
vs.State Rep. Lee Carter(D)
vs.Former Governor Terry McAuliffe(D)
vs.State Sen. Jennifer McClellan(D)
vs.State Rep. Kirk Cox(R)

Gubernatorial Debates 2022:
AK: Incumbent Mike Dunleavy(R)
(no prospective opponents yet)
AL: Incumbent Kay Ivey(R)
(no prospective opponents yet)
AR: Incumbent Asa Hutchinson(R,term-limited)
vs.Lt. Gov. Tim Griffin(R)
vs.Trump Adviser Sarah Huckabee Sanders(R)
vs.A.G. Leslie Rutledge(R)
AZ: Incumbent Doug Ducey(R,term-limited)
(no prospective opponents yet)
CA: Incumbent Gavin Newsom(D)
(no prospective opponents yet)
CO: Incumbent Jared Polis(D)
(no prospective opponents yet)
CT: Incumbent Ned Lamont(D)
(no prospective opponents yet)
FL: Incumbent Ron DeSantis(R)
vs.U.S.Rep. Val Demings(? D)
vs.Former Gov.Charlie Crist(? D)
GA: Incumbent Brian Kemp(R)
vs.Minority Leader Stacey Abrams(D)
vs.Senate candidate Shane Hazel(L)
HI: Incumbent David Ige(D,term-limited)
vs.State Rep. Andria Tupola(R)
IA: Incumbent Kim Reynolds(R)
vs.U.S.Rep. Cindy Axne(? R)
ID: Incumbent Brad Little(R)
(no prospective opponents yet)
IL: Incumbent J. B. Pritzker(D)
(no prospective opponents yet)
KS: Incumbent Laura Kelly(D)
(no prospective opponents yet)
MA: Incumbent Charlie Baker(R)
vs.Harvard Professor Danielle Allen(D)
MD: Incumbent Larry Hogan(R,term-limited)
vs.State Rep. Robin Ficker(R)
vs.State Rep. Peter Franchot(D)
Gubernatorial Debates 2022 (continued):
ME: Incumbent Janet Mills(D)
vs.Former Gov. Paul LePage(R)
MI: Incumbent Gretchen Whitmer(D)
(no prospective opponents yet)
MN: Incumbent Tim Walz(DFL)
(no prospective opponents yet)
NE: Incumbent Pete Ricketts(R,term-limited)
vs.U.S.Senator Bob Krist(R)
NH: Incumbent Chris Sununu(R)
(no prospective opponents yet)
NM: Incumbent Michelle Lujan Grisham(D)
(no prospective opponents yet)
NV: Incumbent Steve Sisolak(D)
(no prospective opponents yet)
NY: Incumbent Andrew Cuomo(D)
(no prospective opponents yet)
OH: Incumbent Mike DeWine(R)
vs.Dayton Mayor Nan Whaley(? D)
OK: Incumbent Kevin Stitt(R)
vs.State Sen. Ervin Yen(R)
OR: Incumbent Kate Brown(D,term-limited)
vs.Gov. nominee Bud Pierce(R)
PA: Incumbent Tom Wolf(D,term-limited)
(no prospective opponents yet)
RI: Incumbent Gina Raimondo(D,term-limited)
(no prospective opponents yet)
SC: Incumbent Henry McMaster(R)
vs.State Rep. James Emerson Smith(? D)
SD: Incumbent Kristi Noem(R)
vs.State Rep. Billie Sutton(? D)
TN: Incumbent Bill Lee(R)
vs.Senate nominee Marquita Bradshaw(? D)
TX: Incumbent Greg Abbott(R)
vs.U.S.Rep. Allen West(? R)
VT: Incumbent Phil Scott(R)
(no prospective opponents yet)
WI: Incumbent Tony Evers(D)
(no prospective opponents yet)
WY: Incumbent Mark Gordon(R)
vs.Minority Leader Chris Rothfuss(D)

Gubernatorial Debates 2023:
KY: Incumbent Andy Beshear(D)
vs.Former Gov. Matt Bevin(? R)
Senator Rand Paul(? R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Biden Adviser Cedric Richmond(? D)
vs.Senator John Neely Kennedy(? R)
MS: Incumbent Tate Reeves(R)
(no prospective opponents yet)
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Page last updated: Feb 02, 2021