Democratic candidate for Governor Dwight Drake unveiled a new proposal he says will stimulate hiring in South Carolina. Drake says the “Back to Work Rebate Act,” creates an tax incentive for employers to hire unemployed workers receiving unemployment checks.
The legislation was also introduced in the House Thursday by Representatives Boyd Brown of Fairfield County, Cathy Harvin of Clarendon County and Bakari Sellers of Bamberg.
Under the measure, any South Carolina employer who hires a worker who has been on state unemployment rolls for 60 days or more will receive a one-year tax rebate equal to the amount of state income tax that would be paid on the employee’s salary.
Drake says employers would collect the rebate by retaining the amount each quarter that would have been sent to the Department of Revenue for the employee.
Drake says the proposal will help to reduce the unemployment rolls. He says, “With 270,000 men and women out of work across South Carolina, families need help.”
Drake explains how he got the idea for the proposal.
(Drake on rebate proposal MP3 :44)
Drake on rebate proposal MP3 :44