President Trump signs the One, Big Beautiful Bill Act into law.
Photographer: Samuel Corum/Getty Images
States are defensive about their tax sovereignty in an expanding turf war with the federal government over tax policy, Michael J. Bologna reports.
- South Carolina state Sen. Sean Bennett (R) bristled at developments like Treasury Secretary Scott Bessent’s rebuking states that reject conformity to the changes enacted under President Donald Trump’s tax and spending law, which could reduce South Carolina’s revenue by $515 million if fully adopted.
- “So how ‘bout the federal government get their fiscal house in order and let the State of South Carolina do what’s right by us,” Bennett said.
- The administration has recommended that states abandon ...