Rice: Tax reform idea increases interest in mill - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Rice: Tax reform idea increases interest in mill

Rep. Tom Rice, (R) South Carolina (Source: Rice.House.gov) Rep. Tom Rice, (R) South Carolina (Source: Rice.House.gov)

GEORGETOWN, SC (WMBF) - Rep. Tom Rice wants to see Georgetown and its port succeed. He was able to secure federal funding that would have helped dredge the port to bring in bigger ships and ultimately more money.

The dredging project isn’t happening at this point, and it’s not clear if it will in the future. Rice tells WMBF News before revisiting the project can be considered, the steel mill needs to reopen.

"I support the people of Georgetown and whatever it is that they decide,” Rice said in a phone call Monday. “Whichever path they decide to take, I will work aggressively with them to pursue that. It sounds like there is some divided opinion, as there always will be on a big issue like that, but whatever they ultimately decide, I want to support them in that."

Officials with Liberty House say they have reached an agreement to purchase Georgetown Steelworks. The company said the deal is set to be finalized in coming weeks.

Rice says for those who want to see the mill reopened, this is good news. He credits an aggressive tax reform plan as the inspiration for the interest in the mill.

He says the ideas in the attack ad Club for Growth is running against him would mean deals like this one wouldn't happen.

“This is exactly what the border adjustment tax is designed to do and that is to make America an attractive place to do manufacturing again and that's why you see this interest in the Georgetown steel mill," he said. "You know one of the reasons steel mills have struggled nationally is because of other countries dumping steel here, particularly China and this tax reform package with the border adjustment tax will make it more difficult for foreigners to illegally dump steel or other commodities on American manufactures.”

Liberty House said it is confident the United Steelworkers union will support and assist in the process of recruiting a workforce to reopen the plant and rebuild the business.

The dredging project was originally supposed to cost $33 million, but Rice says the Army Corps of Engineers doubled that price tag after the county started collecting tax money to pay for the work.

Copyright 2017 WMBF News. All rights reserved.

  • Local NewsLocalMore>>

  • Victim identified in single-vehicle Pawleys Island accident

    Victim identified in single-vehicle Pawleys Island accident

    Sunday, February 18 2018 5:09 PM EST2018-02-18 22:09:16 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    One person was killed after a single-vehicle accident in Pawleys Island Saturday night , according to South Carolina Highway Patrol. The accident happened around 7:00 Saturday night on Martin Luther King Road. 

    More >>

    One person was killed after a single-vehicle accident in Pawleys Island Saturday night , according to South Carolina Highway Patrol. The accident happened around 7:00 Saturday night on Martin Luther King Road. 

    More >>
  • BCSO searching for suspect who robbed gas station

    BCSO searching for suspect who robbed gas station

    Saturday, February 17 2018 9:46 PM EST2018-02-18 02:46:19 GMT
    (Source: BCSO)(Source: BCSO)
    BRUNSWICK COUNTY, NC (WMBF) – Brunswick County Sheriff’s Office is looking to identify a suspect who robbed a BP gas station Saturday night, according to a release. The suspect robbed the gas station at 5053 Southport-Supply Road in Southport around 8:30 Saturday night. The suspect is described as a white male, approximately 6’0” tall, wearing a short sleeve, dark blue t-shirt, tan pants, and a camouflage beanie. He also has a beard or facial hair.  No ...More >>
    BRUNSWICK COUNTY, NC (WMBF) – Brunswick County Sheriff’s Office is looking to identify a suspect who robbed a BP gas station Saturday night, according to a release. The suspect robbed the gas station at 5053 Southport-Supply Road in Southport around 8:30 Saturday night. The suspect is described as a white male, approximately 6’0” tall, wearing a short sleeve, dark blue t-shirt, tan pants, and a camouflage beanie. He also has a beard or facial hair.  No ...More >>
  • CCU holds vigil to honor Florida shooting victims

    CCU holds vigil to honor Florida shooting victims

    Saturday, February 17 2018 9:39 PM EST2018-02-18 02:39:52 GMT
    CCU student light candles and pray (Source WMBF News)CCU student light candles and pray (Source WMBF News)

    Educators of the future are taking a stand, following a vigil held on the camps of Coastal Carolina University honoring the 17 lives lost in a Florida shooting. CCU students Tyler Bealmear and Kaycelyn Laymon have a love and passion for children and education, their hearts broken by the tragedy, but each refusing to let situations like these continue. 

    More >>

    Educators of the future are taking a stand, following a vigil held on the camps of Coastal Carolina University honoring the 17 lives lost in a Florida shooting. CCU students Tyler Bealmear and Kaycelyn Laymon have a love and passion for children and education, their hearts broken by the tragedy, but each refusing to let situations like these continue. 

    More >>
Powered by Frankly