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WASHINGTON –
Today,
U.S.
Senator
Tim
Scott
(R-SC)
introduced
two
amendments
that
will
be
considered
this
week
for
inclusion
in
the
overall
Senate
version
of
the
Tax
Cuts
and
Jobs
Act.
The
first
proposal
is
based
on
Sen.
Scott’s
Investing
in
Opportunity
Act,
which
is
designed
to
incentivize
investments
in
economically
distressed
communities.
The
second
amendment
is
intended
to
help
support
school
choice
by
implementing
a
tax
credit
for
corporations
and
individuals
that
would
help
low-to-moderate
middle
class
families
pay
for
a
private
school
education.
“At
the
end
of
the
day,
tax
reform
isn’t
about
numbers
or
statistics.
To
me,
it
is
about
making
sure
our
middle
class
families
and
communities
are
set
up
for
success,”
said
Scott.
“By
encouraging
private-public
partnerships,
we
can
work
to
close
the
gap
for
many
of
our
economically-disadvantaged
communities.
There
are
trillions
of
dollars
in
investor
assets
that
could
help
create
thousands
of
jobs,
greater
opportunity,
and
a
brighter
future
for
zip
codes
nationwide.”
“Regardless
of
income
levels,
I
believe
all
families
should
have
greater
choice
when
it
comes
to
selecting
a
school
that
fits
their
child’s
needs,”
said
Scott.
“The
private
sector
can
be
a
tremendous
asset
in
helping
to
lessen
the
burden
some
families
face
when
choosing
to
send
their
children
to
a
private
school,
and
we
should
be
strengthening
this
relationship.”
Senate
Republicans
introduced
their
version
of
the
tax
bill
last
week.
Multiple
studies
have
already
determined
that
the
draft
legislation
would
help
bring
considerable
tax
relief
to
the
majority
of
middle
class
families,
which
are
expected
to
see
at
least
forty
percent
reduction
in
their
annual
tax
bill.
The
draft
is
currently
being
considered
during
a
Senate
Finance
Committee
Mark-Up,
which
is
expected
to
go
through
the
duration
of
the
week.
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