In The News

Senators visit Huntington 'Opportunity Zones' as part of national tour

Saturday | August 18, 2018

HUNTINGTON - In May, it was announced that portions of Huntington, including the downtown and West End areas, had been certified as Opportunity Zones by the U.S. Department of Treasury. On Friday, U.S. Sen. Shelley Moore Capito, R-W.Va., hosted U.S. Sen. Tim Scott, R-S.C., in Huntington for a number of visits focused on economic development and Opportunity Zones, a federal program that offers tax incentives to promote private investment in economically distressed areas. "It was so great to … Continue Reading


Sens. Shelley Moore Capito and Tim Scott: Creating opportunities for state growth

Thursday | August 16, 2018

by Sens. Scott & Capito

When the U.S. Senate voted in support of the Tax Cuts and Jobs Act last December, we did so to help millions of families across West Virginia and the nation. Four million Americans have received bonuses or wage and benefit increases since tax reform's passage, and more than a million jobs have been created nationwide. The child tax credit and standard deduction were doubled, simplifying the tax process for many and putting more money back in the pockets of hardworking moms and dads. … Continue Reading


The Innovate Fund Deploys $21.5 Million In New Markets Tax Credits In Spartanburg

Tuesday | August 14, 2018

by Kathleen Maris

Greenville-based The Innovate Fund, a Community Development Entity (CDE) managed by Tax Advantage Group and Greenville Local Development Corporation, has allocated $21.5 million in New Markets Tax Credits (NMTC) to two projects in Spartanburg. The Franklin School, an early childhood education center in the Northside community, received a $10 million allocation and Highland Baking Co., a wholesale bread baking company, received an $11.5 million allocation for production expansion. The combined … Continue Reading


Senator Scott Armed Services and Veterans Report - NDAA Passage Edition

Monday | August 6, 2018

For the first time since Senator Tim Scott has been in the US Senate, Congress passed the National Defense Authorization Act BEFORE the end of the fiscal year. By a vote of 87-10, the Senate agreed to the Conference Report accompanying the John S. McCain Fiscal Year 2019 NDAA. As this follows last week's House of Representatives vote, the bill is now headed to the President for signature. The Conference Report can be found here and the Joint Explanatory Statement can be found here. Senator … Continue Reading


Sen. Scott Leads Finance Committee in Urging President Trump to Name Ambassador to the OECD to Defend U.S. Tax Interests Abroad

Friday | August 3, 2018

This week, U.S. Senator Tim Scott (R-SC) led members on the Senate Finance Committee in urging President Trump to name the United States Ambassador to the Organisation for Economic Co-operation and Development. "Under the Trump economy, the United States has seen unprecedented growth and regained its reputation of being the most competitive nation in the world in which to do business in. With that comes the important task of ensuring that our tax interests abroad are aimed at keeping America … Continue Reading


Sen. Tim Scott asks Congress to recognize Upstate foster dad who has helped 19 children

Monday | July 30, 2018

by Amanda Shaw

GREENWOOD, SC (FOX Carolina) - Senator Tim Scott is asking for an Upstate man who has been an exemplary foster parent to be recognized in the U.S. Congressional Record. Dan Walters of Greenwood earned the 2018 Angels in Adoption reward after his service for children in the foster care system. Walters has fostered 15 children, provided long-term care for three children and adopted a child. "He truly has made an incredible difference in the lives of many foster youth," Sen. Scott said. In … Continue Reading


Ventura County can benefit from new tax incentives

Saturday | July 28, 2018

by John Fowler

What if I told you that there were trillions of dollars of private capital waiting to be invested in economic development in Ventura County? The Investing in Opportunity Act, sponsored by U.S. Sen. Tim Scott, R-South Carolina, became law with the passage of the 2017 Tax Cuts and Jobs Act. The Opportunity Act created tax incentives for investment in "opportunity zones" - areas with high levels of concentrated poverty and still recovering from the Great Recession. Despite the financial crisis … Continue Reading


Sen. Scott on Opportunity Zones, Trade

Friday | July 27, 2018

Senator Tim Scott, a South Carolina Republican, discusses the creation of opportunity zones to spur development in distressed communities, and the Trump administration's trade policies. He speaks with Bloomberg's Kevin Cirilli on "Bloomberg Markets." (Source: … Continue Reading


A historic cotton mill in Greer could be the first development in South Carolina that benefits from the new Opportunity Zones program

Wednesday | July 25, 2018

by Ariel Turner

It's not often that opportunity comes knocking to the tune of trillions of dollars. But thanks to the Investing in Opportunity Act, co-sponsored by Sen. Tim Scott, R-S.C., as part of the Tax Cuts and Jobs Act passed in December 2017, the trillions of dollars U.S. investors currently hold in unrealized capital gains in stocks and mutual funds alone could be funneled straight back into the country's left-behind locales. Like, for instance, into downtown Greer, where the 286,000-square-foot … Continue Reading


Senator Tim Scott Meets With Nominee

Wednesday | July 25, 2018

by Patrick Gentry

U.S. Senator Tim Scott (R-SC) released the statement below following his meeting this afternoon with Supreme Court nominee Judge Brett Kavanaugh. "Approving a Supreme Court nominee is one of the most vital responsibilities of the United States Senate. Ensuring the confirmation of a fair and balanced jurist whom is committed to the rule of law is of the utmost importance. After reviewing his record over the past few weeks, and in meeting with Judge Brett Kavanaugh today, I am certain that he … Continue Reading


Fixing America’s Forgotten Places

Tuesday | July 24, 2018

by Annie Lowrey

FRESNO, Calif.-Census tract 06019000100 has a lot going for it. Locals cheer the melting-pot atmosphere, the arts scene, the nearby nature, and the affordable housing-affordable in national terms, which feels all the more amazing given that it is a quick drive both to the grandeur of Yosemite and to the tech hub of the Bay Area. Start your car up and grab a coffee here at 9 a.m., and you could be standing in downtown San Francisco or in front of Apple's headquarters by noon. For all that, … Continue Reading


Sens. Tim Scott and Joni Ernst: Why we believe so strongly in the power of 'opportunity zones'

Friday | July 20, 2018

by Sens. Tim Scott, Joni Ernst

Over the past eight months, families across the country have seen significant benefits from last year's tax reform package. More than 4 million Americans have received bonuses or wage and benefit increases and over a million jobs have been created since tax reform's passage. The child tax credit and standard deduction were doubled, and the average family of four making around $73,000 a year will save more than $2,000 on their taxes next year. From bankers to farmers, Iowans are seeing real … Continue Reading


An Unlikely Group Of Billionaires And Politicians Has Created The Most Unbelievable Tax Break Ever

Wednesday | July 18, 2018

by Steven Bertoni

Success Street in North Charleston, South Carolina, might be the most misnamed place in America, a path through a weedy, desolate neighborhood with 20% unemployment and a 40% poverty rate. Its biggest claim to fame strolls past the gritty brick apartment buildings and tumbledown bungalows on a muggy morning in late June: Timothy Scott, a local product who grew up to become the first black Republican U.S. senator in more than three decades. Joining Scott is another success story: the frenetic, … Continue Reading


Bill Introduced to Make Lynching a Federal Crime

Friday | July 13, 2018

by Frederick H. Lowe

Three African-American U.S. Senators have introduced a bill in Congress that if passed and signed into law would make lynching a federal crime. It is similar to legislation introduced earlier this month in the House by U.S. Rep. Bobby Rush (D-Ill.). Senators Cory Booker (D.-N.J.), Kamala Harris (D-Calif.) and Tim Scott (R-S.C.), on Friday introduced the "Justice for Victims of Lynching Act 2018." The legislation would make lynching punishable as a hate crime. Gov Track, which keeps track of … Continue Reading


Senate looks to fix “broken” credit reporting system

Thursday | July 12, 2018

by Kelsey Ramírez

The Senate Committee on Banking, Housing and Urban Affairs held a hearing Thursday morning on "An Overview of the Credit Bureaus and the Fair Credit Reporting Act," where Senators on both sides of the aisle expressed their concern over the current credit reporting system. The Senate called on two witnesses for the hearing, including Peggy Twohig, Consumer Financial Protection Bureau division of supervision, enforcement and fair lending assistant director of supervision policy; and Maneesha … Continue Reading


Sen. Scott makes brief visit to Barnwell

Wednesday | July 11, 2018

by Laura McKenzie

U.S. Senator Tim Scott (R-SC) made a brief visit in Barnwell on Monday, July 2 as he made a tour through the lowcountry of South Carolina. Scott met for 30 minutes with a small group who gathered at the Barnwell County Library to listen to constituent issues and answer questions. He said he is most pleased with the tax reform bill passed by Congress which is starting to "hit the paychecks" of workers. He touched on the Investing in Opportunity Act he has sponsored which "targeted rural and … Continue Reading


New hope for heirs property owners

Sunday | July 8, 2018

The owners of heirs property often struggle to maintain their land, earn enough income from it to pay taxes and fend off increasing pressure from developers. Unlocking the land's value can make the difference between holding on to their property and losing it after generations of family ownership. The U.S. Department of Agriculture could offer crucial assistance, but without a formal title to the property, the owners are cut off from such help. That thankfully would change in the U.S. … Continue Reading


Can SC's Tim Scott pass historic legislation for African-Americans?

Friday | July 6, 2018

by Bristow Marchant

South Carolina's Sen. Tim Scott has teamed up with the U.S. Senate's only two other African-American senators to try to pass a historic civil rights law. Scott has introduced federal legislation to ban lynching, along with Democratic Sens. Cory Booker of New Jersey and Kamala Harris of California. "This measure is certainly well past due, and I am glad to be able to join in efforts that will underscore the severity of this crime," Scott said in a statement as the bill was introduced June 29. … Continue Reading


U.S. Sen. Tim Scott visits Walterboro

Tuesday | July 3, 2018

U.S. Sen. Tim Scott held a meet-and-greet at The Colleton Museum on Monday. Here he visited with 99-year-old Samuel Terry, who still works his Colleton County farm. Scott also visited with George McClure and the family of the late William … Continue Reading


The Republican Party’s Joyful Warrior

Monday | July 2, 2018

by Alexandra Desanctis

Tim Scott could help shift the GOP and the nation in a less rancorous direction. Though today's Republican party is viewed increasingly through the lens of the seemingly rudderless Donald Trump and his populist adherents, many on the right are disenchanted with this vision, and they're ready for a change. Unsettled conservatives would do well to turn to South Carolina senator Tim Scott, a man who has illustrated in just a few short years that he has both the desire and the capacity to … Continue Reading

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