Democrats say finally Republicans have come around to what Democrats were asserting all along, that if the Taxation Realignment Commission, or TRAC, is going to look at part of the tax structure, it should look at all of it.
South Carolina House members voted Thursday to allow the Taxation Realignment Commission to consider all of the state’s tax structure, including Act 388. The group had been told originally that it was not to consider that major part of the state’s tax revenues.
Act 388 added a penny sales tax and took all the school operating tax off of owner-occupied homes, putting more pressure on the business community to support state revenue.
Chesterfield County Democrat Ted Vick sponsored an amendment last year that would have allowed TRAC to consider 388. He says Act 388 was not a good idea and that revenues which support the state need to be attached to a stable source.
(Vick on TRAC MP3 2:07)
Vick on TRAC
