Haley applauds House GOP for tax-cutting bills - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Haley applauds House GOP for tax-cutting bills

Posted: Updated:

COLUMBIA, S.C. (AP) - Gov. Nikki Haley is praising House Republicans in South Carolina for proposing to further cut income taxes.

Measures introduced in the House differ from her recommendation, but Haley said Tuesday she supports anything that reduces income taxes. Haley wants to eventually eliminate corporate and personal income taxes, as a business recruitment tool.

Haley's executive budget recommends eliminating the 6% tax bracket, cutting $26 million.

Legislation introduced in the House last month would collapse four middle tax brackets. State economic advisers predict that would reduce revenues by $80 million.

A separate House GOP bill would eliminate corporate income taxes over four years, eventually reducing revenues by more than $220 million.

Haley's praise is in contrast to 2012, when she toured the state lambasting Republicans for not directly following her plan.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

ABCNews4 WCIV-TV

888 Allbritton Dr.
Mt. Pleasant, SC 29464
843-881-4444 | Advertising Information

Public Information File

For assistance with accessing WCIV-TV's public information file, click here.

Advertising

Advertising Credit Application and Terms and Conditions PDF.

Powered by WorldNow
All content Copyright © 2014 WCIV and Worldnow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.