Posted on Tue, Nov. 04, 2003


TAX PROPOSAL



Gov. Mark Sanford’s plans to unveil his new tax plan in a statewide tour beginning today. The plan would:

• Boost to the national average — 68 cents — the tax on a pack of cigarettes

• Charge a 5-cent sales tax on state lottery tickets

• Lower income taxes by 15 percent — dropping the top rate to 5.9 percent from 7 percent.

Critics say Sanford’s plan would:

• Gut efforts to provide a stable funding source for the ever-growing Medicaid program

• Reduce lottery sales, and thus, reduce the amount of money that goes to education

• Fail to address the state’s overall budget crisis, which could reach a $300 million shortfall next year.





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