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South Carolina Budget Hinges on Small Biz Tax Break
A budget stalemate centers on a small business tax cut by House Republicans, who threaten to block the $6.6 billion spending plan until the tax relief is agreed. The House favors a 2 percent to 3 percent rate cut on profits, while the Senate proposes a phased $15 million start, amid broader disputes over raises and local aid.
MENTIONED IN THIS ARTICLE
Columbia
South Carolina
House
Ways and Means
Brian White
House Republicans
House Senate
Senate