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WASHINGTON
–
U.S.
Senator
Tim
Scott
(R-SC)
laid
out
a
number
of
opportunities
for
his
Democrat
colleagues
to
contribute
to
tax
reform,
such
as
supporting
doubling
the
child
tax
credit,
keeping
the
earned
income
credit,
and
lowering
the
corporate
tax
rate.
Senator
Scott
also
mentioned his
Investing
in
Opportunity
Act
as
a
bipartisan
solution
during
the
debate.
Senator
Scott
stated,
“There
are
a
number
of
opportunities
for
our
friends
on
the
left
to
come
to
the
table.
But
they
have
said
no,
thank
you.”
https://youtu.be/91TAhM_9t8U
Transcript:
"The
child
tax
credit
going
from
$1,000
to
$2,000,
can
you
support
that?
The
earned
income
tax
credit
remaining
as
it
is,
can
we
support
that?
Former
President
Obama
and
[Senate
Finance
Committee]
ranking
member
Wyden
both
supported
a
lower
corporate
tax
rate
because
they
both
agreed
in
a
global
economy,
our
nation
is
at
an
incredible
disadvantage.
The
average
rate
for
our
competitors
is
around
23%.
We're
at
35%.
5,000
companies
have
either
inverted
or
been
acquired
because
our
tax
rate
is
so
uncompetitive.
They
have
been
easy
targets.
Whether
you're
on
the
left
like
former
President
Obama,
or
ranking
member
Wyden,
or
if
you
are
on
the
right
like
Ted
Cruz
or
Tim
Scott,
we've
all
come
together
on
the
fact
that
we
must
lower
the
corporate
tax
rate,
if
we
want
America
to
be
more
competitive.
Do
you
like
the
child
tax
credit?
The
earned
tax
credit?
There
are
a
number
of
opportunities
for
our
friends
on
the
left
to
come
to
the
table.
But
they
have
said
no,
thank
you."
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