the IIOA is truly a bipartisan effort where folks on both sides of the aisle see the wisdom of bringing private sector capital back into the distressed communities where more than 50 million Americans live.
Tim Scott
The Public Record
Tim Eugene Scott is an American politician and businessman currently serving as the junior United States senator from South Carolina, a position he has held since January 2, 2013. He is a member of the Republican Party and was previously a United States Representative from May 5, 2011, to January 2, 2013. Scott is known for his focus on issues such as economic opportunity, education reform, and community development. He has been a vocal advocate for updating infrastructure and addressing the needs of senior citizens in his state.
The more expensive or burdensome the Government makes it for a company to go public, the less we will see folks take the risk.
I love the idea that the message here is reduce these burdens, reduce these costs, and let the private sector flourish.
I have introduced legislation with my colleague, Ben Cardin of Maryland, that would prohibit U.S. entities from responding to requests from the UN Human Rights Council or other international governmental organizations designed to blacklist…
The Wells Fargo fraudulent account scandal, and the incentive-based cross-selling strategy that fueled it are a stark reminder of how important it is for financial regulators to finalize executive compensation rules.
the single greatest challenge American families have right now is finding affordable housing
If we aren't finding ways to give these smart, hardworking folks a hand up, we simply aren't doing our job.
This is why one-size-fits-all Federal spending programs or incentives to invest only in particular activities are not well suited to address each community's unique set of challenges.
African-American unemployment is the lowest record in four decades, since they started taking notes in 1972; 800,000 new jobs have been created since the passage of this legislation.
Opportunity Zones, on the other hand, will bring, ' . . . the best possible mix of investments in new and expanding businesses, infrastructure and energy projects, commercial real estate, affordable housing, and more.'
My hope is a simple one: That as we see the manifestation and the creation around the country of Opportunity Zones that we will be having another joint meeting in a year, in two years, so that we can measure the progress made in reasonable…
Opportunity Zones, on the other hand, will bring 'the best possible mix of investments in new and expanding businesses, infrastructure and energy projects, commercial real estate, affordable housing and more.'
We're in the middle of the third largest economic expansion since 1854; yes, 1854, and by the time we're done, it will be the second longest economic expansion.
Because of tax reform, millions of Americans have seen increases in benefits wages or bonuses.
Every day, we are seeing more and more great news about the current economic expansion in America, a trend that is breaking records and exciting economists and citizens alike.
According to a survey by the manufacturers, 72 percent of manufacturers plan to increase wages or benefits this year; 77 percent plan to hire more employees.
That's why I first introduced my Investing In Opportunity Act, or IIOA, and why I worked hard to ensure it was included in the Tax Cuts and Jobs Act.
Unemployment rates are at 3.9 percent; a million folks have come back to the workforce; wages are up 2.9 percent over last year.
It has a negative impact on savers and particularly seniors on a fixed income.





