Issue Position: Todd's 4-point Economic Plan

Issue Position

Lower our Tax Burdens
We must work to alleviate the tax and regulatory burdens on our small businesses. With a majority of all new jobs being created by small businesses, we cannot ignore their impact and must support their growth. In addition, home-grown jobs are more permanent and most likely to stay in South Carolina during good and bad economic times. We must also work to attract new businesses to South Carolina, and that's why we should eliminate the corporate income tax.

Enact Zero Based Budgeting
Every state agency should annually justify their expenditures rather than present budgets based on last year's spending. We should prioritize essential services and not government growth. Families across Lexington County plan their yearly budgets this way…State government must do the same.

Educate and Train Tomorrow's Workforce
Our student funding formula for primary and secondary schools should be reviewed to ensure more of our tax dollars goes where it belongs--in the classroom. We must reduce the administrative burdens on our principals and teachers and give them more flexibility in curriculum.

Support our State's Infrastructure
Lowering our tax burden is one way to attract businesses to South Carolina, but we must also invest and protect our state's infrastructure. Good roads, ports, bridges, and railroads will make our state more attractive for businesses looking to relocate and grow.

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