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Charleston,
SC
–
U.S.
Senator
Tim
Scott’s
(R-SC)
Investing
in
Opportunity
Act
was
included
in
the
tax
bill
as
a
provision
to
uplift
distressed
communities.
Senator
Scott
joined
Fox
News
yesterday
to
speak
about
his
bill
stating,
“We
need
to
focus
on
bringing
healing
and
restoration
to
the
parts
of
our
country
where
hope
is
dissipated.“
Here
is
what
others
are
saying
about
Senator
Scott’s
Investing
in
Opportunity
Act:
PRESIDENT
DONALD
TRUMP:
I
want
to
thank
Senator
Tim
Scott
for
“opportunity
zones.”
Our
tax
plan
encourages
this
investment.
(…)
Thank
you,
Tim.
We’re
investing
in
distressed
communities
to
create
more
jobs
for
those
who
have
too
often
been
left
behind.
And
Tim
worked
hard
on
that.
(Remarks
by
President
Trump
at
the
2018
House
and
Senate
Republican
Member
Conference,
The
White
House,
02/01/18)
NEW
YORK
TIMES:
The
law
creates
“Opportunity
Zones,”
which
will
use
tax
incentives
to
draw
long-term
investment
to
parts
of
America
that
continue
to
struggle
with
high
poverty
and
sluggish
job
and
business
growth.
The
provision
is
the
first
new
substantial
federal
attempt
to
aid
those
communities
in
more
than
a
decade.
(…)The
zones
were
included
in
the
tax
law
by
Senator
Tim
Scott,
a
South
Carolina
Republican
who
was
born
into
poverty
in
North
Charleston,
and
based
on
a
bill
he
co-sponsored
in
2017
with
several
Democrats.
(“Tucked
Into
the
Tax
Bill,
a
Plan
to
Help
Distressed
America,”
New
York
Times,
01/29/18)
THE
HILL:
“There
are
more
than
52
million
citizens
that
live
in
underserved
cities
and
towns
in
the
United
States.
The
Investing
in
Opportunity
Act
will
provide
a
direct
social
impact
to
underserved
communities,
helping
to
stabilize
communities
and
establish
a
clear
path
for
growth,”
said
Steven
Kirsch,
COO
of
DRI
Fund,
an
official
CDFI.
(Editorial,
It's
time
we
start
using
'The
Investing
in
Opportunity
Act',
1/25/18)
THE
IOWA
GAZETTE:
There
are
also
important
bipartisan
efforts
included
in
this
new
law,
such
as
the
Investing
in
Opportunity
Act.
By
incentivizing
private
investment
in
struggling
communities,
we
can
help
spur
economic
growth
in
poverty-stricken
areas,
bringing
hope
and
opportunity
back
to
many
distressed
rural
communities
across
the
country
and
here
in
Iowa.
(Column
by
Senator
Joni
Ernst,
Tax
Cuts
and
Jobs
Act
means
new
opportunities,
01/04/18)
Notable
Tweets:
IVANKA
TRUMP:
Included
in
the
new
#Tax
law
is
@SenatorTimScott’s
#InvestinginOpportunityAct
–
important
policy
to
encourage
investment
in
distressed
communities
in
America.
#TaxReform (Advisor
to
the
President,
02/01/18)
ROB
PORTMAN:
I
strongly
supported
@SenatorTimScott’s
bipartisan
Investing
in
Opportunity
Act.
Now
it
is
the
law
of
the
land
&
will
help
hard-working
Americans
reach
their
God-given
potential.
https://www.portman.senate.gov/public/index.cfm?p=press-releases&id=BF187A51-CFBF-42B4-B160-5E57B6876C76
…
#TaxReform
(U.S.
Senator
from
Ohio,
01/30/18)
SHELLEY
MOORE
CAPITO:
I
was
proud
to
work
with
@SenatorTimScott
to
make
Opportunity
Zones
part
of
comprehensive
#TaxReform.
Check
out
this
@NYTimes
article
on
how
these
zones
will
drive
investment
and
growth
in
West
Virginia
communities
that
need
them
most.
(U.S.
Senator
from
West
Virginia,
1/29/18)
MARCO
RUBIO:
Tucked
in
the
Tax
Reform
Bill
is
a
plan
from
@SenatorTimScott
to
help
areas
left
behind
by
the
new
economy (U.S.
Senator
from
Florida,
01/30/18)
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