HERITAGE FOUNDATION LEADER EMBRACES NIKKI HALEY’S TAX SWAP
Don’t get us wrong: It’s not that we dislike the idea of reducing the income tax – we love it. In fact we’ve been screaming for individual income tax relief for years (including the last four years during which time Haley has been twiddling her thumbs with various “reform in name only” proposals).
We just don’t trust her … or her numbers.
“This is the same governor who less than a year ago wanted to cut your taxes by a measly $29 … and who seven months ago vetoed less than one tenth of one percent of the state’s record-setting $25 billion budget,” we wrote earlier this weekend. “And who seven months ago signed the authorization for local governments to raise taxes by $1.6 billion.”
And who wants to supplement her gradual income tax cut with a not-so-gradual gas tax hike …
Anyway, none of that is stopping former U.S. Senator (and Heritage Foundation president) Jim DeMint from giving Haley’s tax plan an undeserved “atta girl.”
“Gov. Haley continues to show why she’s a national conservative leader,” DeMint told The Daily Signal, which is the Heritage Foundation’s in-house news service. “She deserves credit for promoting tax reform that provides opportunity for all South Carolinians, and rejecting favoritism by taking on the transportation bureaucracy. Reforms like this make our state more economically competitive with our neighbors. It’s a great step forward for South Carolina.”
Actually no … it would be another shuffle sideways. Possibly even backward. A “great step forward,” by contrast, would be S.C. Senator Katrina Shealy‘s bill to completely eliminate the individual income tax – without raising any other taxes.
What did the Heritage Foundation have to say about that plan?
Look, we get that DeMint has all sorts of credibility amongst fiscal conservatives. Hell, our incessant praise of his tenure in the U.S. Senate assisted him in the accumulation of that credibility.
But his embrace of tax swaps like this don’t help his standing one iota … nor do they bolster the credibility of his organization (which we’ve been skeptical of for some time).
Both Haley and DeMint should stop touting tax swaps and get on board with real relief for individual income earners and small businesses (the vast majority of which pay the individual income tax).