How not to spend $1.8B in new SC revenue: tax cuts

When tax collections dropped during the Great Recession, it didn’t mean S.C. tax rates were too low; it meant we were going through a recession. The Legislature didn’t raise taxes; it cut spending.

Yet today, when our unemployment rate is at an all-time low and our economy is expanding, the same leaders who were applauding that approach a decade ago are saying that robust revenue growth means we need to cut taxes.

We don’t disagree that some tax rates are too high — others probably are too low — and that our overall tax system is overdue for an overhaul. But saying that revenue growth in a good economy means we need to cut taxes makes no more sense

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