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South Carolina’s most powerful Democrat is taking aim at legislation championed by one of his Republican colleagues, promising to tighten up an anti-poverty program that he says disproportionately benefits rich investors who invest in low-income areas.
U.S. House Majority Whip Jim Clyburn, D-Columbia, announced Wednesday he will file legislation to restructure the Opportunity Zones program that was introduced and championed by U.S. Sen. Tim Scott, R-North Charleston.
The program was a part of the massive 2017 tax reform law that provided millions of dollars in tax breaks to help develop low-income areas across the country; the opportunity zones clause was championed by U.S. Sen. Tim Scott, a member of South Carolina’s congressional delegation and the Senate’s only black Republican.
The State Newspaper
“From the start, I’ve raised concerns that the Opportunity Zone incentive would turn out to be a tax credit for rich investors with limited benefits for low-income communities,” Clyburn said.
John Kimbrell announced his run for state Senate seat of Democrat Glenn Reese yesterday. He is a businessman, Conservative radio talk show host and the former Chairman of the Spartanburg County Republican Party.
Reese was first elected to the South Carolina Senate in 1991. He is a Democrat.
Josh Kimbrell to challenge Glenn Reese for state Senate seat
Republican John Kimbrell announces run for state Senate seat of Democrat Glenn Reese.
Watch Live! Impeachment Inquiry
Public hearings begin in House impeachment probe: live blog. Tap and follow directs to see comments on your mobile devices.
Public hearings begin in House impeachment probe: live blog
Public hearings begin Wednesday in the House impeachment inquiry. The first hearing is scheduled to begin at 10 a.m. ET.
Still no approved government budget out of the House, which is responsible for formulating it and sending it to the Senate.
The government's Fiscal Year is Oct 1 - Sept 30 and without an approved budget, is operated on a continuing resolution (CR). The current CR expires on Nov 21. Talk is it will be extended to Dec 20, and/or Jan, Feb 2020.
Congressional Dysfunction Threatens To Halt Trump Defense Buildup
Partisan wrangling over the budget could lead to a freeze in spending at 2019 levels, killing a big planned increase in Pentagon funding to develop a new generation of weapons.
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The South Carolina Republican Creed
I do not choose to be a common man. It is my right to be uncommon.
If I can seek opportunity, not security, I want to take the calculated risk to dream and build, to fail and to succeed. I refuse to barter incentive for dole.
I prefer the challenges of life to guaranteed security, the thrill of fulfillment to the stale calm of utopia.
I will not trade freedom for beneficence, nor my dignity for a handout.
I will never cower before any master, save my God.
It is my heritage to stand erect, proud and unafraid. To think and act for myself, enjoy the benefit of my creations; to face the whole world boldly and say, “I am a free American.”