In The News

Mayors urged to prepare for opportunity zones

Tuesday | October 2, 2018

by Travis Boland

John Lettieri's message was simple: Get ready. Lettieri, co-founder and president of the Economic Innovation Group, encouraged mayors from around the country to start strategizing on how to recruit diverse businesses to their designated opportunity zones. "Mayors and other policy makers should be proactive in facilitating economic growth in their community," Lettieri said. "Zones are not the overall tool, but a strategy. The key for our mayors is deciding what success would look like … Continue Reading

Senate passes opioid bills led by Sen. Tim Scott

Friday | September 21, 2018

WASHINGTON, D.C. (WCIV) - The United States Senate passed a package of bills to combat the opioid crisis this week. Two of the bills were lead by U.S. Senator Tim Scott (R-SC). The two bills aimed to strengthen family treatments and recovery. Senate Passes Two Scott Bills in Landmark Opioid Crisis Package "While we were faced with and continue to prepare for new challenges posed by Hurricane Florence back home in South Carolina, I am glad to see that the Senate continued its job in … Continue Reading

Politico 50: Sean Parker & Tim Scott

Thursday | September 6, 2018

by Tim Alberta

Tim Scott is used to making the best of bad situations. The product of poverty-stricken North Charleston, South Carolina, he excelled-on the football field, in business and in politics, becoming the first African-American to serve in both chambers of Congress. Scott is also the GOP's de facto spokesman on race-no easy task in the Trump era. True to form, however, Scott turned a low point of Republican history into the crowning achievement of his own career. After he rebuked President Trump for … Continue Reading

Sen. Tim Scott highlights kindness at Boiling Springs High after viral Facebook post

Wednesday | August 29, 2018

Students at Boiling Springs High School flipped the script this month and went viral in the process, even reaching the attention of U.S. Sen. Tim Scott, R-S.C. According to an Aug. 20 Facebook post by Tyler and Kay Kirby, their son Andrew often eats his lunch alone, a situation that his mother said "breaks (her) heart." So members of the high school's Student Council extended an invite to Andrew and three other students eating alone on the first day of school. "Mom I didn't eat … Continue Reading

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

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