Haley applauds House GOP for tax-cutting bills - FOX Carolina 21

Haley applauds House GOP for tax-cutting bills

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Flags fly over the rotunda of the South Carolina Capitol in Columbia. (File/FOX Carolina) Flags fly over the rotunda of the South Carolina Capitol in Columbia. (File/FOX Carolina)
COLUMBIA, SC (AP) -

Gov. Nikki Haley is praising House Republicans in South Carolina for proposing to further cut income taxes.

Measures introduced in the House differ from her recommendation, but Haley said Tuesday she supports anything that reduces income taxes. Haley wants to eventually eliminate corporate and personal income taxes, as a business recruitment tool.

Haley's executive budget recommends eliminating the 6 percent tax bracket, cutting $26 million.

Legislation introduced in the House last month would collapse four middle tax brackets. State economic advisers predict that would reduce revenues by $80 million.

A separate House GOP bill would eliminate corporate income taxes over four years, eventually reducing revenues by more than $220 million.

Haley's praise is in contrast to 2012, when she toured the state lambasting Republicans for not directly following her plan.

Copyright 2013 The Associated Press. All rights reserved.

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