Full story in Forbes.

South Carolina has been among the most successful states recently in attracting individuals, families, and employers from other states. In fact, last year the Palmetto State’s population grew faster than all 49 other states.

State lawmakers in South Carolina and Governor Henry McMaster (R) aren’t letting their state’s documented attractiveness to residents from other states be an excuse to rest on their laurels. Legislative leaders in Columbia are preparing to introduce and have already filed a number of bills this year seeking to make South Carolina’s tax, regulatory, legal climates more hospitable.

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Governor McMaster went on to make the case that tort reform would reduce costs not just for large companies, but also for small businesses and families. “Individuals and businesses, both large and small, are becoming unduly penalized for the actions of others – too often through crippling financial judgments and skyrocketing insurance premiums,” McMaster added. “I ask the General Assembly to find a commonsense solution. One that will provide accountability, certainty, and just compensation – without damaging our economy. And one that I can sign into law the minute it reaches my desk.”

Proponents of S.244, one of several tort reform bills now being debated in the South Carolina statehouse, contend it will make South Carolina a less costly and more predictable place to do business, create jobs, and invest. In that way the impetus for passing tort reform in South Carolina is similar to the motivation behind further income tax rate reduction.

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Many states have lowered and flattened income taxes in recent years. That, along with the steady expansion of school choice, are arguably the most consequential state policy trends of the past decade and they are persisting at least through 2025. Popular governors and legislative leadership some of the nation’s fastest growing states are making tort reform a top priority this year. If they’re successful, 2025 could be the year that tort reform is added to the mix of top policy reform trends gaining traction in the states.