All the talk is about real estate tax reform. Rising property values have driven taxpayer revolt over rising property tax bills. Plus, a viable school voucher plan is under discussion. The Wall Street Journal has more:
But it was only after stories of the elderly paying more in annual taxes than they paid for their homes decades ago began circulating in the state capital that South Carolina lawmakers realized that if they did nothing, they too would get burned. Several veteran politicos told me they haven’t seen this much voter outrage over a single issue in decades. So the state House and Senate now have competing proposals, with the House plan calling for a wholesale repeal of some taxes and the Senate looking to leave in place property taxes paid by some businesses. Each plan calls for making up any “lost” revenue with a two cent sales tax increase.
And why do we have to read about these developments in an out-of-town paper? Oh, that’s right. Nevermind.
