In this October 19 news article, Eugene Platt slams his GOP rival for a deceptive and regressive tax plan.
District 115 hopefuls differ on taxes
McCoy touts ‘Fair Tax’ while Hutto, Platt decry plan
By David Slade
Tuesday, October 19, 2010
Candidates for the state House District 115 seat found several areas of agreement, but laid out stark differences on tax policy, at a forum Monday at James Island Charter High School.
In the Nov. 2 election, Rep. Anne Peterson Hutto, D-James Island, is seeking a second term representing the James Island-Folly Beach district, challenged by Republican Peter McCoy and Green Party and petition candidate Eugene Platt.
Hutto and McCoy sparred several times over tax issues. Each said they would not support tax increases, but McCoy said he supports the “Fair Tax” plan, which would dramatically change taxation in South Carolina by scrapping income and other taxes in favor of a much higher sales tax rate.
McCoy said that plan would help small businesses create jobs and would help individuals as well. He offered the Fair Tax as his solution to helping the poor and elderly manage medical and housing costs.
“This will help our people, our elderly, by not having 7 percent of their income go to state income tax,” he said.
Hutto and Platt blasted the idea that raising the sales tax would help the elderly and the poor.
“Plain and simple, I would look out for the elderly and those on low incomes by holding the line on taxes,” Hutto said.
Platt said consumption taxes are by definition regressive, falling hardest on the poor. In contrast to his opponents, he said he would be willing to consider raising the state’s income tax.
“There are some of us … who could afford to pay a little more,” he said.