July 24, 2014

South Carolina Morning News: Refusal to budge on low gas tax a big mistake

media mention

“South Carolina’s gas tax has been at 16.8 cents since 1989, one of the lowest rates in the nation. Haley has said she would veto any bill raising the gas tax, but the state has actually been lowering the tax for years.

What the DOT could buy with 16.8 cents in 1989 is far less than what it could buy today. The Institute on Taxation and Economic Policy suggests South Carolina has had an unintended cut of 12 cents per gallon the past 25 years. It estimates that if South Carolina simply returned the gas tax to its 1990 buying power level, the 11.5 cent raise would yield the state more than $305 million per year.”

Read the full article here





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