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Gov. candidate Haley to visit Charleston to unveil job plan - Live5News.com | Charleston, SC | News, Weather, Sports

Gov. candidate Haley to visit Charleston to unveil job plan

COLUMBIA, S.C. (AP) - South Carolina gubernatorial candidate Nikki Haley says she wants to eliminate corporate income taxes to boost jobs.

The GOP candidate began a tour of businesses Wednesday with a visit to a marketing and printing firm in Columbia. She was also scheduled to visit Charleston.

Haley insists the way to help businesses hire employees and bring down the jobless rate is to cut red tape and business taxes. In June, the state's unemployment rate was 10.7 percent.

Earlier this year, the state House passed a bill to eliminate corporate income taxes over 10 years. But the Senate removed that provision, saying the economy was too uncertain to further reduce state tax collections.

The state's 5 percent corporate tax rate is the third largest source of state revenue behind sales and individual income taxes.

News Ten's Jack Kuenzie was there this morning and he is also talking to Democratic candidate Vincent Sheheen.  He will have full reports tonight at 5 and 6.

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