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South Carolina's booming economy sparks calls for income tax cuts

South Carolina House Speaker Jay Lucas, left, R-Hartsville, shakes the hand of Republican Gov. Henry McMaster, right, during a news conference to announce a proposed income tax cut on Tuesday, Feb. 15, 2022, in Columbia, S.C. (AP Photo/Jeffrey Collins)
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AP
South Carolina House Speaker Jay Lucas, left, R-Hartsville, shakes the hand of Republican Gov. Henry McMaster, right, during a news conference to announce a proposed income tax cut on Tuesday, Feb. 15, 2022, in Columbia, S.C. (AP Photo/Jeffrey Collins)

Another shot of good economic news this week immediately saw the state’s Republican leadership vowing to cut state income taxes something many have advocated for years. Bills to lower personal income tax rates are advancing in both the State House and Senate.