Dressed in his usual blue blazer and holding one of his trademark charts, outgoing Gov. Mark Sanford held his final press conference Thursday, outlining a plan to reform South Carolinas tax structure, featuring lower tax rates that he says are needed to increase the state's competitiveness.
Sanford, who leaves office Wednesday when Gov.-elect Nikki Haley takes the helm, made one final appeal to lawmakers to:
-- Eliminate all tax exemptions and uniformly tax goods and services in the range of 2 percent to 3 percent
-- Uniformly assess all real property at 4 percent of its value. Business property is now taxed at 10 percent. The tax rate for homeowner-occupied residences now is 4 percent.
-- Create a flat personal income tax and corporate income tax in the range of 2 to 3 percent. The corporate tax rate now is 5 percent. The personal income tax is up to 7 percent.