In The News
Ventura County can benefit from new tax incentives
Saturday | July 28, 2018by 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, 2018Senator 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, 2018by 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, 2018by 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, 2018by 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, 2018by 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, 2018by 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, 2018by 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, 2018by 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, 2018by 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, 2018The 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, 2018by 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, 2018U.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, 2018by 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
Scott: Rural areas need help; senator seeks tax incentives to spur economic growth
Monday | July 2, 2018by Bradley Harris
BAMBERG - U.S. Sen. Tim Scott says the creation of federal Opportunity Zones can help Bamberg County and other rural communities share in the United States' economic recovery. "Much of our country has really blossomed since the recovery started," Scott said during a stop in Bamberg on Monday. "But there's an uneven aspect of that recovery, and so I have targeted, specifically, those areas that need help the most," he said. Scott met with Bamberg County residents in county council chambers, … Continue Reading
Sen. Tim Scott introduces anti-lynching bill on Friday
Saturday | June 30, 2018WASHINGTON, DC (WCSC) - South Carolina Senator Tim Scott helped introduce an anti-lynching bill on Friday. Sen. Scott, along with Democratic senators Kamala Harris and Cory Booker, filed legislation that would make lynching a federal hate crime. Lynching is defined as to put to death by mob action without legal approval or permission. According to the bill, nearly 200 anti-lynching bills were introduced in Congress during the first half of the 20th century. Booker, Harris and Scott … Continue Reading
SC senator visits NH to tour opportunity zones
Friday | June 15, 2018MANCHESTER, N.H. - A rising star in the Republican Party is visiting New Hampshire, but he said he doesn't have his eye on a future run for the White House. U.S. Sen. Tim Scott, R-South Carolina, toured the Manchester Fire Department's Safe Station program and visited a recovery-friendly workplace. He said he hopes that additional help in the opioid crisis could come in the form of jobs. "We're looking for a way to attract new capital in the private sector into areas of states where the … Continue Reading
Another View -- Tim Scott and Chris Sununu: Innovative state and federal ideas are expanding opportunity
Friday | June 15, 2018by Tim Scott & Chris Sununu
The passage of comprehensive tax reform at the end of last year brought great news for families across New Hampshire and the nation as a whole. It doubled the standard deduction, used by more than 63 percent of Granite Staters, as well as the child tax credit, and slashed taxes for a typical family of four by nearly $2,000 a year. Through these pro-growth initiatives, Republicans have fulfilled a commitment they made to the people of New Hampshire, providing tax relief that boosts our economy … Continue Reading
Opportunity Zones will help more Americans achieve their dreams
Saturday | June 9, 2018It has been more than 50 years since the United States formally took on the "War on Poverty," and unfortunately for too many, we have yet to see a manifestation of permanent progress. Instead, we have millions of people still living in distressed circumstances who continue to be held back by inescapable unemployment, lack of skills and, even worse, the absence of hope that things will get better. March 21 marked a major milestone for my Investing in Opportunity Act legislation, which was … Continue Reading
Bill to fight rising anti-Semitism on campus introduced in Congress
Wednesday | May 30, 2018by Jackson Richman
A bipartisan bill to combat anti-Semitism was introduced last week in Congress, following statistical analysis showing that Jews are the most targeted religious group for hate crimes annually. If enacted, the Anti-Semitism Awareness Act, introduced by Reps. Peter Roskam, R-Ill., Ted Deutch, D-Fla., Doug Collins, R-Ga., and Jerrold Nadler, D-N.Y., would require the Department of Education to adopt the State Department's definition of anti-Semitism to determine whether certain incidents … Continue Reading
