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South Carolina Senate rejects bill to align tax law, keeping $288 million.
The South Carolina Senate rejected a bill to align state tax law with federal changes, deciding to keep $288 million in state revenue instead of returning it to taxpayers.
Lawmakers argued that maintaining independence allows the state to set its own course and reduce income taxes over time, prioritizing long-term fiscal stability over short-term relief.
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El Senado de Carolina del Sur rechaza el proyecto de ley para alinear la ley de impuestos, manteniendo $ 288 millones.