MURRELLS INLET – - Republican State House District 108 candidate Stephen Goldfinch Monday joined Gov. Nikki Haley, Speaker Bobby Harrell, state Treasurer Curtis Loftis, and eighty state legislators and endorsed the S.C. Fair Tax Act, which would eliminate the state income tax on individuals and businesses.
“One of the best things we can do to create jobs in South Carolina is to eliminate the state income tax, especially on businesses through the S.C. Fair Tax Act. It will make South Carolina much more competitive in attracting businesses to the state, help existing small businesses, provide needed simplification of the state tax code, and broaden the tax base,” Goldfinch said.
“If elected, taxpayers in Georgetown and Charleston counties can count on my full support for the Fair Tax Act.”
“The S.C. Fair Tax organization is excited that Stephen Goldfinch is making the S.C. Fair Tax a vital part of his campaign platform. If elected, he would join sixty-five House co-sponsors on the Fair Tax Act,” said John Steinberger, spokesman for S.C. Fair Tax.
“South Carolina has suffered through three years of high unemployment in the 10 percent range. Many small businesses have either closed, reduced payroll, or seen significant declines in profits during those years. By eliminating the state income tax on businesses and individuals, the S.C. Fair Tax will lead to a resurgence for our small businesses, which account for 80 percent of new jobs created.”
The S.C. Fair Tax legislation would end the taxation of business profits and the earnings and income of state workers. The state income tax would be replaced by a 6 percent state sales tax collected only on new goods and services at the point of retail sale. Businesses selling goods to other businesses for the production of goods or services and used goods would not be taxed.
This month Goldfinch also signed the Americans for Tax Reform Taxpayer Protection Pledge that he will oppose any tax increases if elected.
Goldfinch is a Murrells Inlet attorney and entrepreneur.
His campaign website is SC4Goldfinch.com
Republican Rep. Kevin Ryan, who defeated 14-year incumbent Democrat Vida Miller in 2010 for the seat, is not seeking reelection this year.
