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Rubio
&
Scott:
New
Federal
Tax
Law
Will
Help
Miami’s
Low-Income
Working
Families
By
U.S.
Senators
Marco
Rubio
and
Tim
Scott
April
20,
2018
Miami
Herald
The
new
tax
law
has
two
provisions
that
will
particularly
empower
working
families.
The
Child
Tax
Credit
will
give
American
families
back
more
of
their
own
money.
The
Investing
In
Opportunity
Act
has
the
potential
to
power
an
economic
renaissance
in
the
communities
left
behind
by
the
global
economy.
By
working
together,
we
can
help
restore
hope
and
ensure
that
the
next
great
American
idea
isn’t
lost
because
someone
did
not
have
the
opportunity
to
share
it.
The
tax
law
passed
last
year
cut
the
taxes
of
working
American
families.
We
made
it
a
priority
to
expand
the
per-child
tax
credit,
which
directly
increases
the
money
working
parents
get
to
keep.
The
child
tax
credit
was
doubled,
and
the
changes
we
secured
in
late-hour
negotiations
increased
tax
cuts
for
more
than
8.6
million
Americans
making
under
$50,000
a
year.
In
addition
to
immediately
letting
working
American
families
keep
more
of
their
own
money,
we
passed
a
tax
cut
that
prioritizes
areas
left
behind
by
the
global
economy.
The
Investing
In
Opportunity
Act
(IIOA)
has
the
potential
to
channel
hundreds
of
billions
of
private-sector
dollars
to
lower-income
communities,
known
as
Opportunity
Zones,
across
Florida
and
the
nation.
The
new
global
economy
has
increased
the
wealth
of
many
Americans,
but
destabilized
entire
regions
in
our
country
and
left
behind
millions
of
workers.
Pushing
investment
to
seek
out
the
largest
return
—
regardless
of
which
nation,
or
area
within
the
nation,
it’s
in
—
has
deserted
workers
in
our
own
back
yards.
Cheaper
consumer
goods
mean
very
little
to
a
working
family
with
no
earned
income
because
the
parents
can’t
find
work.
.....
Friday
and
Saturday,
we
will
be
visiting
communities
across
South
Florida
to
talk
about
how
the
Child
Tax
Credit
and
IIOA
can
help.
We’ll
make
stops
at
the
Mexican
American
Council
in
Homestead,
the
Overtown
Youth
Center
in
Miami,
the
Urban
League,
and
Miami
Children’s
Initiative.
At
each
stop
we’ll
hear
from
families
and
their
children
about
the
unique
needs
of
their
communities,
and
how
new
opportunities
for
investment
can
give
everyone
a
shot
at
the
American
Dream.
Read
the
rest
here. |