Ideas for fixing the economy- Charleston Post and Courier

College of Charleston economist Frank Hefner:

One idea to the complex question is to eliminate some $3 billion in sales tax exemptions that have been put in place piecemeal since 1951 and lower the state’s sales tax to 2 percent, Hefner said.

Exemptions are government’s way of playing favorites, he said. For example, of the state’s more than 100 products free from sales tax are water, vacation timeshare plans, zoo animals and hearing aids.




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