In The News
'This is a game changer': New federal program to help redevelopment along Grand Strand
Friday | March 23, 2018by Megan Tomasic and Alex Lang
A new federal program is set to help low-income areas along the Grand Strand. The program, known as opportunity zones, provides tax incentives to encourage long-term private investments. During a news conference Friday morning, Myrtle Beach Mayor Brenda Bethune announced two tracts in the City of Myrtle Beach that will benefit from the program. "It does include the Superblock area, and basically the two zones that were chosen for Myrtle Beach were from 21st Avenue North to 3rd Avenue South … Continue Reading
SC among first states to seek ‘Opportunity Zone’ status for economically-distressed communities
Friday | March 23, 2018by Matt Long
South Carolina is among the first states to submit communities eligible for the new federal "Opportunity Zone" program. Gov. Henry McMaster said Friday his office submitted the maximum number of economically-distressed communities to the U.S. Treasury Department so investors seeking to build businesses in those areas could be eligible for tax incentives. "This gives us the extra punch, the extra opportunity that will transform economic growth and development and one more tool to usher in a … Continue Reading
Opportunity zones program about to be tested in South Carolina
Thursday | March 22, 2018by Emma Dumain
WASHINGTON Sen. Tim Scott's new federal program encouraging businesses to invest in low-income communities will soon be tested around the country, but the stakes for the South Carolina Republican might be highest in his own state. The home turf scrutiny could begin as early as Friday morning. That's when South Carolina Gov. Henry McMaster will hold a press conference in Ridgeway, S.C. - in the shadow of the shuttered V.C. Summer nuclear power plant that cost the area nearly 5,000 jobs … Continue Reading
‘God Made Me Black on Purpose’
Friday | March 16, 2018by Tim Alberta
NORTH CHARLESTON, S.C. - At the end of Forest Avenue, a narrow artery slicing through blocks of muddy lots and decaying one-story homes, Tim Scott kicks at the gravel and waits. He had shared a table Saturday night with the world's wealthiest man, Jeff Bezos, at the annual dinner of Washington's Alfalfa Club, the ultra-exclusive gathering of the political and financial elite that began as a celebration of Confederate General Robert E. Lee's birthday. Now, it's Monday morning and the junior … Continue Reading
Companion GOP Bills Would Expand School Choice for Military Families
Friday | March 16, 2018by Natalie Johnson
Republican senators Tim Scott (S.C.) and Ben Sasse (Neb.) have announced companion legislation to a House measure that would expand school choice for military families in an attempt to ease the strain of frequent relocations. The bill, first introduced last week by Rep. Jim Banks (R., Ind.), would set up education savings accounts for parents in the armed forces who could divert a portion of funds that would have been sent to a public school on their child's behalf under the federal Impact … Continue Reading
Deadline Approaches on Tim Scott’s Low-Income Tax Incentive
Wednesday | March 14, 2018by Stephanie Akin
It took three years for Tim Scott to rally his Senate colleagues around a tax plan he thinks will encourage investment in low-income communities. Now Scott, who was born in a poor community in South Carolina, has until late March to get as many state officials as he can to sign on. He's doing it with a national "opportunity" tour of low-income areas, including upcoming visits to Florida and Ohio. His first stop was in the Chicora-Cherokee neighborhood of North Charleston, where his … Continue Reading
Sen. Tim Scott’s amendment in tax plan aims to help low-income communities without a gov’t program
Monday | March 12, 2018by Sally Persons
Sen. Tim Scott said Monday that his amendment aims to uplift communities in crisis without creating another government agency or program. "We could see major private sector dollars being invested in distressed communities - no new bureaucracy, no new government programs - simply an incentive package to provide access to opportunities for kids who grew up in single-parent households, like myself," Mr. Scott, South Carolina Republican, said on Fox News. The senator introduced the Investing in … Continue Reading
Finding opportunity for those in distressed communities
Friday | March 9, 2018Today, more than 52 million Americans live in a distressed community. I grew up in one of those neighborhoods, where hope seemed like nothing more than a mirage. I watched so many friends and neighbors lose the sense that they could accomplish something meaningful, and end up in jail, or worse, dead. At the same time, I watched my mom work 16-hour days just to keep a roof over her children's heads, showing the kind of passion and work ethic on which the American Dream is built. I know that … Continue Reading
Scott, Booker introduce sickle cell disease legislation
Wednesday | March 7, 2018U.S. Senators Tim Scott (R-SC) and Cory Booker (D-NJ) have introduced a new initiative in the fight against sickle cell disease - the Sickle Cell Disease Research, Surveillance, Prevention and Treatment Act. There is currently no national framework in place to accurately measure the current number of Americans affected by SCD, and this new bipartisan legislation would increase efforts to collect data on the disease and reauthorize the Sickle Cell Disease Treatment Demonstration Program … Continue Reading
Sen. Tim Scott introduces bill aimed at protecting children from identity theft
Tuesday | March 6, 2018by Briana Rivas
Senator Tim Scott announced his plan to introduce a bipartisan bill aimed at protecting children from identity theft via a Facebook post Tuesday morning. In the post, Scott references a recent study that found one in every ten children had their Social Security Number used by someone else to fraudulently open bank accounts or credit cards. "It is simply inconceivable," said Scott, "that a criminal would seek to exploit a child's identity and personal information for their … Continue Reading
From 'victim' to 'victor,' Sen. Tim Scott shares his life's story
Thursday | February 22, 2018by Larry Wood
U.S. Sen. Tim Scott, R-S.C., returned to his roots Thursday, speaking at Wagener-Salley High's Black History Month program. Scott's family is from nearby Salley. His mother still owns property there. "Every family reunion I went to early on brought us back to the land of the Chitlin' Strut. Had a good time," said Scott, whose family later moved to North Charleston. During his motivational speech, Scott told the student's his life story and how he became a victor instead of a … Continue Reading
Sen. Scott featured on PBS News Hour
Friday | February 16, 2018Watch the full video … Continue Reading
Sen. Tim Scott: New tax law will spur opportunity in distressed communities
Wednesday | February 14, 2018Poverty has long been one of the most challenging social crises of our time. Despite good-intentioned efforts to generate positive change, currently 52 million Americans continue to face the dire circumstances of a lack of jobs, education, and the confidence that things will get better. I will be at the White House on Wednesday with President Trump, administration officials and community leaders to discuss the Investing In Opportunity Act. The IIOA, which was included in last year's tax … Continue Reading
Trump promotes ‘opportunity zones’ for investors to rebuild in distressed communities
Wednesday | February 14, 2018President Trump hosted a meeting of local leaders and investors at the White House Wednesday to call attention to a feature in his tax-cut law that encourages private investment in distressed communities. The programs target "opportunity zones" in all 50 states where investors will qualify for lower capital-gains tax rates and the ability to pool their money in "opportunity funds" to spend on projects in blighted or under-served communities. Sen. Tim Scott, South Carolina Republican who … Continue Reading
Sen. Tim Scott joins bipartisan group pushing for investigation into Olympic Committee
Wednesday | February 7, 2018by Zachary Watson
Senator Tim Scott is part of a bipartisan group of senators pushing to establish a special committee to investigate the U.S. Olympic Committee and USA Gymnastics. The group wants to find out how team doctor Larry Nassar was allowed to sexually abuse female gymnasts for decades. The senators wants the committee to investigate the USOC and bodies, including USA Gymnastics, and find out the extent to which these organizations were complicit in the criminal or negligent behavior of … Continue Reading
Tucked Into the Tax Bill, a Plan to Help Distressed America
Tuesday | January 30, 2018by Jim Tankersley
A little-noticed section in the $1.5 trillion tax cut that President Trump signed into law late last month is drawing attention from venture capitalists, state government officials and mayors across America. The provision, on Page 130 of the tax overhaul, is an attempt to grapple with a yawning hole in the recovery from the Great Recession: the fact that, in huge swaths of the country, the economic recovery has yet to arrive. The law creates "Opportunity Zones," which will use tax incentives … Continue Reading
Letter to the editor: Sen. Tim Scott supports the state's manufacturers
Monday | January 22, 2018by Matt Krause
I’m writing to thank Sen. Tim Scott for standing with South Carolina manufacturers by opposing Scott Garrett as the head of the Export-Import Bank...With his vote, Senator Scott is supporting President Trump’s vision for American manufacturing and ensuring U.S. workers have the tools they need to succeed – I encourage his colleagues to follow his lead and get the Export-Import Bank running at full strength when they return this month.
… Continue ReadingGOP Senator to Block Two Trump Nominees Over Trade Concerns
Wednesday | January 17, 2018by William Mauldin, Siobhan Hughes
Sen. Tim Scott, a South Carolina Republican, said at a Senate Finance Committee hearing Wednesday that he would hold up nominees for two deputy U.S. trade representative posts because the head of the trade office, Robert Lighthizer, hadn’t returned a call or answered a trade-related question.
… Continue ReadingS.C.'s Tim Scott joins Lindsey Graham on Senate Armed Services Committee
Tuesday | January 9, 2018by Colin Demarest
U.S. Sen. Tim Scott, R-S.C., will serve on the Senate Armed Services Committee, which has jurisdiction over U.S. Department of Defense and military … Continue Reading
Scott: Final passage of tax reform “Big win for middle class families, U.S. economy”
Wednesday | December 20, 2017Earlier this morning, after months of deliberation and discussion, the U.S. Senate successfully passed the historic tax reform package, Tax Cuts and Jobs Act, a yearlong process U.S. Senator Tim Scott (R-SC) has been intimately involved with since the working group first launched. The final bill will protect more of Americans' money from being taxed, enhances significant credits like the Child Tax Credit, and maintains important features like the Earned Income Tax Credit, and deductions for … Continue Reading
