As he looks to break through in the 2024 GOP primary, South Carolina Sen. Tim Scott rolled out an economic plan on Thursday that takes aim at President Joe Biden’s policies and calls for making permanent former President Donald Trump’s tax cuts.
“The 2024 election will be pivotal for your tax bill,” Scott says in the memo, obtained by CNN, that calls for reducing government spending, cutting taxes and increasing domestic energy production. “You can’t afford to have the Democrats in power when your tax cuts are on the chopping block.”
Scott, who has adopted a more aggressive posture recently toward his GOP rivals, is using Biden administration policies – many of which he says he’ll reverse – to create a contrast for his vision. He’s vowing to roll back Biden’s student loan forgiveness efforts, repeal regulations on energy production and agriculture, and cut government spending overall.
His 10-point plan also nods to one of the GOP front-runner’s signature legislative achievements – the 2017 Tax Cuts and Jobs Act, which Scott is promising to make permanent. It’s part of his pitch to voters that if they like Trump for his policies they should consider voting for a candidate who lines up with the former president on important policy issues, but doesn’t carry some of liabilities that have hurt Trump and Trump-aligned candidates in the past.
“I would tell Trump supporters if you like his policies, if you like tax cuts, if you like $4,400 more in your pockets because you got to keep your own money, I wrote it and he signed it,” Scott told voters at a town hall in Le Mars, Iowa, in August. “On the domestic side, I’m your guy.”
Scott’s announcement comes the day after economic data released on Wednesday showed inflation accelerated last month, driven largely by increasing fuel prices. Inflation, despite falling overall,…
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