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COLUMBIA, S.C. (AP) -- South Carolina Gov. Mark Sanford is planning to unveil a new tax plan aimed at stimulating investment in the state.

The Republican governor has a news conference planned at a solar power company in Greer Tuesday morning.

The state could use a shot in the arm. Unemployment is at a 25-year high and employers are announcing more job cuts. Meanwhile, state revenues are off enough that agencies are bracing for another round of spending cuts this week.

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