Millions of Americans would see taxes cut under new plan

South Carolinians could get a tax cut if a new budget proposal moves through under the direction of Republican Senate Finance Committee Chairman Harvey Peeler. The state is working on a budget that would ditch a planned one-time property tax rebate worth $500 million and instead offer a statewide income tax cut. If passed, the state would be using $100 million to bring the state income tax rate for most residents down to 6.2 percent from 6.3 percent. The tax cut proposal arrives as South Carolina is amid a five-year...