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Done in a day: SC House sprints through $14 billion budget

The South Carolina House approved the state's $14 billion budget in one day with little debate over big ticket items. The House voted 108-7 late Monday to give the budget key approval. They plan to return to the chamber for routine final approval Tuesday morning, sending it on to the Senate. There was only about three hours of debate, almost on all items voted down like stricter abortion rules or not paying for a state health card that some worried could be used as a COVID-19 vaccine passport. The budget provides $1 billion for roads and raises for all state employees and most teachers and state law enforcement officers. ....

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SC Senate ups ante to $2 billion in income tax cut debate

The financial leader in the South Carolina Senate has proposed nearly $2 billion in income tax cuts and rebates. The plan by Senate Finance Committee Chairman Harvey Peeler adds an even larger number to the debate on cutting taxes heating up in the General Assembly. Peeler's plan would drop the state's top tax rate of 7% down to 5.7% when people file their returns next year. That would cost nearly $900 million. Peeler also wants to give $1 billion of one-time rebates to taxpayers, but the Gaffney Republican said he is still working on those details. Gov Henry McMaster and Republican House leaders proposed cutting the top state income tax rate from 7% to 6.5% on Tuesday. ....

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