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South Carolina Morning Headlines
June 23, 2025
SC Senate ups ante to $2 billion in income tax cut debate
The financial leader in the South Carolina Senate has proposed nearly $2 billion in income tax cuts and rebates. The plan by Senate Finance Committee Chairman Harvey Peeler adds an even larger number to the debate on cutting taxes heating up in the General Assembly. Peeler's plan would drop the state's top tax rate of 7% down to 5.7% when people file their returns next year. That would cost nearly $900 million. Peeler also wants to give $1 billion of one-time rebates to taxpayers, but the Gaffney Republican said he is still working on those details. Gov Henry McMaster and Republican House leaders proposed cutting the top state income tax rate from 7% to 6.5% on Tuesday.
Is The Economy Sliding Into a Recession?
According to mid-year reports, the US economy appears to have shifted down and slid into the slow lane. Our next guest says the die was cast when the…
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5:49
SC Organization to Address Racial Equality
At the close of their annual summit last year, our next guest’s organization asked its attendees what was the most important issue for them to address…
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5:49
Investment Banking Activity Heats Up in SC
Mergers and acquisitions, debt financing, and private placements are all investment banking activities, that according to our next guest, are increasing…
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5:49
College of Charleston Launches German-American Business Summit
Germany has long been an important and strategic economic partner with the state of South Carolina. And because of that relationship, the College of…
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5:50
South Carolina Film Festivals Helping Industry Grow
While still small when compared to our neighboring states, South Carolina’s film-making industry continues to grow. And our next guest says our state’s…
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5:49
South Carolina Film Festivals Helping Industry Grow
While still small when compared to our neighboring states, South Carolina’s film-making industry continues to grow. And our next guest says our state’s…
Demographic Shifts Favor "Apartment Building" Investing
The National Apartment Association recently reported that the U.S. needs about 4.6 million new multifamily units over the next 10 years just to keep up…
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5:49
Leadership in a Time of Crisis
It’s never easy running a company or organization, but our next guest says that in a time of crisis, such as we are in now, effective leadership is…
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5:49
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