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S.C. Budget

Tuesday, June 26, 2012

Haley Asks Lawmakers to Pass a Budget

The state's new budget is supposed to begin July 1, but lawmakers can't reach an agreement about tax relief for business owners.

With only four days left before the end of the fiscal year, Gov. Nikki Haley criticized lawmakers Tuesday for not sending her a budget. "We are going to push. We're going to push hard," Haley said. "They need to give me a budget." The House and the Senate are still deadlocked over an income tax break for small business owners. In a $6.7 billion budget, the House wants $60 million in tax relief, while the Senate proposed $20 million, according to a report on WSAV-TV. The House then suggested a compromise of $40 million in tax relief, but the Senate wouldn't accept it.  Sen. John Land, D-Manning, criticized the House proposal, saying that it favored the wealthy, according to an Associated Press report. About 44 percent of the tax cut would …

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8:57 pm on Tuesday, June 26, 2012

She wants a budget so she can veto 50% of it.   more ›

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