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Income Tax Proposal Heads To House Floor
Tuesday March 02, 2004 11:43pm
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Workers Who Want Higher Wages Will Rally At Statehouse
Governor Mark Sanford (website - news) 's plan to cut income tax rates for half the state's citizens has cleared the House Ways and Means Committee.

The proposal passed Tuesday on a 19-4 vote, indicating it may face little opposition in the House when it comes up for debate later this month.

Sanford's measure would cut the state's top income tax rate by about a quarter of a percent in each of the next ten years. The first cut would be automatic, but the other cuts would only happen if economic experts predict two percent growth or more in the state.

Some Democrats say growth at that rate won't be enough to offset the money lost from the cuts. They also say the tax breaks won't go to low income workers who could use them the most.

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Copyright 2004 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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