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SC legislators return to top issues: debt, taxes - Live5News.com | Charleston, SC | News, Weather, Sports

SC legislators return to top issues: debt, taxes

By JIM DAVENPORT
Associated Press

COLUMBIA, S.C. (AP) - Three years of cash crunches caused by the Great Recession are gone and South Carolina lawmakers now are talking about paying off debt and cutting taxes.

Republican leaders setting the agenda for the session that starts Tuesday put government streamlining, a state pension system shortfall and tax law changes for businesses and wage earners on top of the list.

Gov. Nikki Haley wants the Senate to pass plans putting more of the state's bureaucracy under a Cabinet agency she would control.

Haley and legislative leaders also want to eliminate the state's corporate income tax over several years and lower business property taxes. Haley wants individual income tax brackets cut to three rates from six.

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