Sen. Scott: “New Tax Law Will Spur Opportunity in Distressed Communities”

New tax law will spur opportunity in distressed communities
By Sen. Tim Scott
USA Today
February 14, 2018

Even with the healthier state of our economy and more promising job market, the unfortunate fact remains that there are neighborhoods scattered throughout every one of our 50 states where the hope of achieving the American Dream has all but disappeared.

Advertisement

So the question then is — how do we spread opportunity to every corner of every community across our nation? The solution isn’t nested in another tax-payer funded government program or initiative that fails to get to the root of the problem, but rather public-private partnerships that encourage long-term investment and continued success.

To make sure the zip codes most in need are the ones that reap the benefits of this new provision, all 50 governors will designate “Opportunity Zones,” meaning governors and local leaders will have the opportunity to identify key qualifying locations that stand to gain the most from this initiative. At the U.S. Conference of Mayors meeting last month local leaders expressed their excitement for this plan, state development offices across the nation are working hard to nominate Opportunity Zones within their area of jurisdiction, and scores of community development groups have already expressed eagerness to find out how they can get involved. To create a brighter tomorrow for communities that have been left behind, we need to capitalize on the private-sector resources that can help boost these areas in ways we haven’t seen before.

Read more at USA Today

SHARE THIS WITH YOUR FRIENDS:
Subscribe
Notify of
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Diana
Diana
4 years ago

This is bull he said he was to help the workers bull now you only can claim your kid till 16 this is bull but keep them insurance till 26 well it needs to match, and we on SS he has not helped another LIE, my house payment went up and it was the same for 12 years, so another LIE, and everything is up but SS we need a decent hike we paid over 50 years for this and medicine, is way off the charts when you can’t take a generics, and we on SS are doubled Taxed Against the Law , that’s double taxation, illegal

Aaron Anderson
Aaron Anderson
4 years ago

As one of the most successful businessmen I know of, President Trump is best qualified to oversee economic development for the Nation. The average American can have the opportunity to succeed and improve their situation dramatically. Communities must get involved at local level (local officials, church leaders, police, and patriotic citizens) to take back their community. How can each citizen do their part? We are a beacon of hope for the free world….We are all blessed to be born here or live here…

2
0
Would love your thoughts, please comment.x
()
x