ICYMI: Scott Op-ed in The Hill on His National Opportunity Tour and Investing in Opportunity Act


N. Charleston, SC –
Today, Senator Scott is kicking off his national Opportunity Tour in North Charleston, SC.  The tour will focus on finding solutions to fight poverty and highlight the Investing in Opportunity Act, which was recently passed in tax reform legislation, and the ways it could positively impact economically distressed neighborhoods across the country.

Senator Scott wrote an op-ed in The Hill on his tour and the Investing in Opportunity Act.

Finding opportunity for those in distressed communities
U.S. Senator Tim Scott
The Hill
March 9, 2018

Today, more than 52 million Americans live in a distressed community. I grew up in one of those neighborhoods, where hope seemed like nothing more than a mirage. I watched so many friends and neighbors lose the sense that they could accomplish something meaningful, and end up in jail, or worse, dead. At the same time, I watched my mom work 16-hour days just to keep a roof over her children’s heads, showing the kind of passion and work ethic on which the American Dream is built.

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We should not be building a safety net, but rather an abundance of opportunity that provides Americans with a pathway to a more financially secure and prosperous future. We cannot be satisfied simply stopping the growth of poverty. While a worthy accomplishment, stopping there would be failing tens of millions of Americans.

This month, governors across the country will be designating Opportunity Zones in their states as part of the newly passed tax reform law. The Tax Cuts and Jobs Act included my Investing In Opportunity Act (IIOA), which creates an avenue for the more than $2 trillion in unused capital gains in our nation to flow into these Opportunity Zones. For low-income communities, this could truly be a game changer.

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I will be traveling around the country this year to learn from folks how we can fight poverty, synchronize our job training programs with the needs of local communities, win the battle against opioid abuse and eradicate the vestiges of hopelessness in as many areas across the country as possible.

These ideas will help power the future of my Opportunity Agenda, bring more awareness to the issues facing low-income communities, and show what the true potential of these communities really can be. Regardless of background, upbringing or socioeconomic status, every American should enjoy unimpeded access to opportunity, and to be able to climb their way to a more fruitful tomorrow. Let’s work together to restore the American dream, and finally make real, permanent change to the issue of poverty that has beleaguered our nation for far too long.

You can read the op-ed in its entirety here.

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