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flag South Carolina Republicans propose a flat 3.99% income tax, aiming to lower it to 2.49%, despite initial increases for most.

flag South Carolina Republicans propose a flat income tax rate starting at 3.99% in 2026, aiming to eventually lower it to 2.49%. flag The plan would initially raise taxes for 60% of filers, with supporters arguing it will lead to long-term benefits, including lower taxes for most residents. flag Critics warn of potential negative impacts on the budget and taxpayers. flag The proposal is part of a trend among Southern states to lower taxes.

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