Sen. Tim Scott, a South Carolina Republican seeking his party's presidential nomination in 2024, speaks with MarketWatch as he rolls out a new economic plan.
Sen. Tim Scott, a South Carolina Republican seeking his party’s presidential nomination in 2024, is pushing for a focus on tax cuts, as he rolls out a new economic plan.
That puts him at third in Iowa, while he’s just in seventh place with only 2.4% support in RCP’s average of national polls. “One of the things it does for me is it really restores the focus on providing economic opportunity and stimulus to our economy based on Ronald Reagan and Art Laffer, the Laffer curve,” said Scott, referring to the economist who said lower taxes help generate economic activity, leading to more money to tax and higher tax revenue.Scott’s plan — dubbed “Build. Don’t Borrow.” — calls for making permanent the personal and family tax cuts that came in 2017’s Republican tax overhaul.
The senator said his figure of 10 million new jobs comes from getting up to 4 million positions from his economic plan’s energy XLE policies, up to 4 million from his proposals for high-tech manufacturing in “opportunity zones” and another 2 million from his proposals for an innovation economy.
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