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Mike Burkhold: South Carolina is Flying Blind Fiscally
South Carolina can’t eliminate the income tax until its leaders know where the money is.

South Carolina can’t eliminate the income tax until its leaders know where the money is.
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3 comments
The Comptroller General is the chief accountant for the state and issues the accounting reports. Those reports have been riddled with errors for years.
The Comptroller has never given a full reporting of the $5.9 billion dollar overstatement of cash.
Why not?
What is the state hiding?
Mark, remind readers how much money in federal contracts your company has secured over the years.
“We need a tax code that competes, not a system of handouts that rewards whoever hires the best lobbyist.” Truer words have never been spoken about our state government. I really like this guy. But he is going to have to learn the same lesson that all of the last 4-5 governors have, and the folks currently running for that post: we do not have co-equal branches of government akin to the federal government. Our own state supreme court has explicitly recognized that fact in its published rulings – on several occasions. The Legislature is a 900 pound gorilla. The executive branch is at best a large mastiff – strong to a degree, but no match for the gorilla. He can certainly do something to fix the State’s books [to this day I think there is something that traces back to ol’ Sen. Leatherman and some of his pet projects that would mysteriously get funding at the agency level but you couldn’t find a line item for it in the budget – there had to be some level of slight- of- hand in the books to make that happen, and there are people still around with a motive for obscuring the truth in the aftermath.] But all this talk of eliminating the income tax, lowering taxes, funding priority projects, getting rid of corporate handouts for business recruiting – that is entirely the province of the Legislature, and no Governor, Comptroller, Treasurer, AG etc. is going to have any meaningful impact on that other than the art of moral persuasion. If you want real change, it has to happen in the legislature. All the executive branch officers are just window dressing in that regard.