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South Carolina House Rejects High Tax and Spend Budget, Paves Way for Fiscal Restraint

Sep 25, 2020 by AFP

COLUMBIA, SC – Americans for Prosperity-South Carolina (AFP-SC) today praised the South Carolina House of Representatives for rejecting a budget from the Senate that would dramatically increase government spending.

AFP-SC State Director Andrew Yates issued the following statement:

“In a year where the economy and so many South Carolina families are struggling, it is encouraging the House is setting an example of how government should live within its means. Although there’s room to have more transparency in the budget process and help South Carolinians track how legislators are spending their tax dollars, this shows that our high tax and spend habits are not always going to be the status quo. Now, more than ever, we need to prioritize fiscal responsibility and rooting out wasteful spending if we want to spur economic recovery and put our state on a path of fiscal sustainability.”

Background:

This week, Truth in Accounting, a think tank that analyzes states’ financial reporting, issued a report that ranked South Carolina as the 35th worse state for its fiscal health. The report found South Carolina had a taxpayer burden of $13,400 before the crisis began and is projected to lose $5 billion in revenue because of the crisis.

Budget Surplus Demonstrates Need for Fiscal Responsibility, 9/23/20