During his first appearance on Meet the Press this weekend, U.S. Sen. Tim Scott said Congress should quickly address the medical device tax.
“Here’s another $29 billion leaving the pockets of small business owners which makes it more difficult to create jobs,” he said of the tax.
The Washington Post fact-checked the claim and concluded: “Scott greatly overshot the mark here. First, he claimed that all $29 billion in revenue collected would come ‘out of the pockets of small business.’ But virtually all of that revenue is being paid by large companies, not small ones.
“Moreover, rather than the tax coming out of pockets of businesses, a nonpartisan analysis written for Congress concluded that almost all of the tax will be passed onto consumers in the form of higher prices. The report also said that demand for medical devices is barely affected by price, meaning that Scott’s claim that it would affect job creation also is misguided.”
The Post gave Scott its three Pinocchio rating, meaning his claim had “significant factual error and/or obvious contradictions.”
U.S. Sen Lindsey Graham reports raising more than $1.3 million during the last three months of 2013, and he has over $7.6 million cash-on-hand – the most he has ever had.
Graham’s fundraising remained strong last year, with more than $5 million, despite a growing number of GOP candidates who said they will run against him because he is not conservative enough.
Graham’s supporters point to his warchest as a sign Graham remains in a strong position going into June’s primary.
His campaign manager Scott Farmer said Graham “has been blown away by the incredibly strong support from every corner of South Carolina.”
A new study ranks South Carolina right in the middle of the nation as far as its financial condition.
The study, released today by the New Mercatus Center at George Mason University research finds that the Great Recession has left many states still facing severe fiscal challenges amid questions about health care costs, employee pensions, and other concerns.
South Carolina ranked 25th in terms of cash solvency, which looks at how easily it can pay its bills in the near term. It ranked 17th in terms of its long-run solvency, which measures a state’s ability to cover all of its costs with incoming revenue, including guaranteed pension benefits and replacing infrastructure.
The study can be found here: http://mercatus.org/publication/state-fiscal-condition-ranking-50-states
Senate District 42 hopeful Maurice Washington held a press conference Tuesday that he said would “change the game” in his upcoming Democratic runoff race against Charleston lawyer Marlon Kimpson.
Washington repeated his criticism of Charleston County Democratic Chair Richard Hricik and criticized a North Charleston church for using its van earlier this week to drive voters from Joseph Floyd Manor to the absentee precinct.
When pressed, Washington said use of the church bus was not illegal but questioned whether it might violate the church’s nonprofit tax status.
Continue reading «Maurice Washington lashes out at opponent’s supporters»