|
The
passage
of
comprehensive
tax
reform
at
the
end
of
last
year
brought
great
news
for
families
across
New
Hampshire
and
the
nation
as
a
whole.
It
doubled
the
standard
deduction,
used
by
more
than
63
percent
of
Granite
Staters,
as
well
as
the
child
tax
credit,
and
slashed
taxes
for
a
typical
family
of
four
by
nearly
$2,000
a
year.
Through
these
pro-growth
initiatives,
Republicans
have
fulfilled
a
commitment
they
made
to
the
people
of
New
Hampshire,
providing
tax
relief
that
boosts
our
economy
and
returns
money
to
everyone’s
pocket.
The
tax
bill
also
contained
a
provision
championed
by
Sen.
Scott
that,
when
paired
with
Gov.
Sununu’s
Recovery
Friendly
Workplace
Initiative,
will
help
create
new
opportunities
for
those
on
the
pathway
to
recovery
to
get
back
on
their
feet,
find
work
and
build
a
new
life.
There
are
more
than
$3
trillion
in
unrealized
capital
gains,
or
dollars
earned
when
selling
an
asset
or
property,
across
the
United
States.
The
Opportunity
Zone
Program,
inserted
into
the
tax
bill
by
Sen.
Scott,
offers
a
tax
break
on
these
dollars
to
investors
who
make
long-term
investments
in
low-income
neighborhoods.
This
is
a
concerted
effort
to
ensure
neighborhoods
are
being
built
up
from
their
foundation,
as
opposed
to
efforts
more
closely
resembling
“flipping”
a
house
for
profit.
Opportunity
Zones
were
created
by
federal
legislation
but
are
truly
led
at
the
local
and
state
level.
This
means
states
can
tailor
the
initiative
to
their
unique
needs
and
goals,
free
from
Washington’s
infamous
bureaucracy
and
red
tape.
Last
month,
Gov.
Sununu
nominated
27
low-income
neighborhoods
across
the
state
as
Opportunity
Zones.
These
New
Hampshire
communities
deserve
an
economic
boost,
and
that
is
what
we
are
going
to
give
them.
The
goal
is
simple:
to
create
jobs,
to
increase
wages,
and
to
revitalize
neighborhoods
across
the
state.
The
potential
dollars
coming
to
these
communities
can
fund
any
number
of
things,
from
small
businesses
and
entrepreneurs
to
affordable
housing
and
educational
foundations.
They
have
the
potential
to
transform
the
future,
creating
new
jobs
and
better
opportunities
for
families
throughout
the
state.
As
we
continue
to
battle
the
opioid
epidemic,
one
of
the
barriers
we
know
is
hardest
for
those
recovering
from
addiction
is
getting
back
to
work.
New
Hampshire’s
Recovery
Friendly
Workplace
Initiative,
established
earlier
this
year
by
Gov.
Sununu,
empowers
workplaces
to
provide
support
for
people
in
recovery
while
changing
the
culture
around
addiction
by
engaging
employers
in
being
a
proactive
part
of
the
conversation
by
providing
tools,
resources,
and
opening
up
access
to
treatment.
As
the
Opportunity
Zone
Program
ramps
up,
with
new
businesses
and
jobs
being
created,
that
means
more
chances
for
those
recovering
to
find
work.
It
also
means
the
Recovery
Friendly
Workplace
Initiative
will
continue
to
grow,
providing
these
hardworking
men
and
women
looking
to
get
back
on
their
feet
with
a
solid
foundation
and
workplaces
that
understand
the
challenges
they
are
facing.
By
facing
two
incredibly
important
issues
head
on
—
helping
those
in
need
and
fighting
the
opioid
epidemic
—
we
recognize
that
there
is
no
silver
bullet.
We
need
our
states
to
work
together,
our
families
to
work
together,
and
programs
like
these
to
help
put
the
pieces
of
the
puzzle
together.
As
part
of
Sen.
Scott’s
National
Opportunity
Tour,
today
we
are
visiting
with
Spectrum
Marketing
Inc.,
a
business
in
Manchester
already
participating
in
Gov.
Sununu’s
Recovery
Friendly
Workplace
Initiative.
Spectrum
could
very
well
see
an
increase
in
business
from
growth
created
by
the
Opportunity
Zone
Program
across
the
Merrimack
River
in
the
Manchester
Millyard.
The
old
saying
goes,
“A
rising
tide
lifts
all
boats,”
and
that
is
certainly
our
hope
for
these
two
initiatives
working
in
tandem
at
companies
like
Spectrum
to
help
create
a
brighter
future
for
so
many
families
across
the
Granite
State
and
America
as
a
whole.
Tim
Scott
is
a
U.S.
senator
representing
South
Carolina.
Chris
Sununu
is
governor
of
New
Hampshire. |