What's worse than victimizing addicted S.C. cigarette smokers to
raise enough money to finance the state's health care program for
lower-income folks? Refinancing the already refinanced state tobacco
bonds, thereby financing a critical state program with money that
would be available only one time.
That's why we're reluctantly supporting Gov. Mark Sanford's
proposal to raise the per-pack cigarette tax from 7 cents to 53
cents. This plan would bring in enough new money to leverage more
federal money for the Medicaid plan, while booting no one out of the
program. But S.C. legislators would have to promise, in return, to
lower the state income tax over 15 years, thereby relying on a
self-liquidating population to replace revenue from what is arguably
the fairest tax on the state's books.
For all its flaws, though, this plan is better than the S.C.
House proposal to resort to one-time money, again, to balance the
budget. This kind of "thinking" during the past five years got the
state into its current financial pickle.
We vote, with nose held, for Sanford's approach to the problem,
in fervent hope that an outbreak of responsibility in Columbia will
produce a responsible
plan.