Tim Scott

Is there a way... for those folks in the gig economy to be a homeowner in this new economy?

In terms of furthering what I call my 'opportunity agenda,' I am very interested in promoting sustainable home ownership versus home buyership.

I support efforts to eliminate the designation process completely.

Insurance companies aren't banks, and shouldn't be treated as such.

I applaud the administration's focus on leveling the playing field between the United States and China.

Facts and figures aside, at the end of the day I am worried about the Aiken family that is trying to buy their first home or the Nichols small business owner who just survived the flood and is now trying to get back on their feet.

It is this type of bipartisan sensible legislation that I do think is moving the ball forward to help deal with some of these issues.

It ensures we get a holistic perspective on how to grow our economy for everyone.

The burden is huge. So it ends up resulting on different forms of behavior.

It is without doubt very important that we continue to see more credit unions and more small banks populate throughout our Nation.

If you think about the lack of access to financial institutions to borrow money for a home or to start a new business, we might ask ourselves how do we expect for those rural areas that are on the wrong side of an uneven economic recovery…

I would love to hear, Ms. Savarese, what you think the major factors are driving the consolidation that is happening as well as the lack of new financial institutions.

Unfortunately, that is not the trend, and that leads to a very important point that in South Carolina, about 9 percent of our population is totally unbanked; another 23.5 percent or so are underbanked.

Do we really want to add to that consolidation trend if there is a way that we can support those communities banks in serving the unique needs of their communities?

I would love for you to take a look at the legislation and come back with some thoughts on how we might have some success in impacting long-term poverty and unemployment in those distressed communities.

It seems like our focus on workforce investment is going to be a very important part of how to navigate the future challenges that will displace millions of workers in a way that we have not seen in the past.

For 6 years now, I have been beating the drum on tax reform.

I also share the overall goal in the budget to reduce deficits without raising taxes, keeping in mind that our Nation's debt nearly doubled during the previous administration.

I share the administration's concerns about our debt, which ballooned by nearly doubling under the previous administration.

Those regulations, the reporting regulations being imposed on those property and casualty companies that have international exposure, doing international work--they are not trying to escape taxation.

And then with regulatory reform, we should have a robust economic activity that leads to economic growth, perhaps the 2.9 percent over 10 years.

My final point relates to the folks whom I care most about, folks back in South Carolina and around the country who are like my mother was, a hardworking single mom who struggled to make her ends meet, worked 16 hours a day, and needed…

If we are looking for a way to have a conversation with middle America about getting a raise at work, the corporate tax rate is one of the fastest ways for us to get to that higher income for the folks whom we care about.

Folks at home are a lot smarter than we give them credit for being, but we simply do not talk to them.

The direction we are heading in is that the person who is at the lowest end of the economic ladder really would have no tax liability in your tax reform package.