The great debate

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car fuel
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Here are 5 misleading statements surrounding The Great S.C. Gas Tax Debate:

Myth #1: The entirety of the $600 million per year in gas tax that citizens pay goes to fix S.C. roads.”

Fact: $167 million goes to the county road committee + the state’s infrastructure bank (basically, a savings account) – both of which should be spending money on road maintenance. However, the bank has been controversially spending the money on new roads instead of maintaining current roads. Another $139 million of the $600 million goes to paying labor for road repairs.

Only about half of the $600 million goes to actual road maintenance.

 

Myth #2: The governor has no say in the Transportation Department.”

Fact: The governor actually picks all 8 people who oversee that department.

 

Myth #3: The Transportation Department doubled their budget.

Fact: These numbers are a little deceiving – the $1 million budget was decided during a recession. The prior year, the budget was $1.3 million, making this year’s $1.8 million not exactly double.

 

Myth #4: Borrowing $$$ will solve the problem.”

Fact: $200 million/20 year payback was approved to help fix the roads – and the plan for that money is to repave roads + fill in potholes. Credit often leads to trouble.

 

Myth #5: Lowering income taxes will balance out paying higher gas taxes.”

Fact: S.C. already has the 10th lowest income tax rate. The S.C. income tax rate is widely believed to be 7%, when in actuality the rate is 2.99% after deductions + exemptions.

7 min read time / The State 

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