Scott rolls out economic plan as he looks to gain a foothold in 2024 race

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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 Bidenโ€™s policies and calls for making permanent former President Donald Trumpโ€™s tax cuts.

โ€œThe 2024 election will be pivotal for your tax bill,โ€ Scott says in the memo, obtained by CNN, that calls for reducing government spending, cutting taxes and increasing domestic energy production. โ€œYou canโ€™t afford to have the Democrats in power when your tax cuts are on the chopping block.โ€

Scott, who has adopted a more aggressive posture recently toward his GOP rivals, is using Biden administration policies โ€“ many of which he says heโ€™ll reverse โ€“ to create a contrast for his vision. Heโ€™s vowing to roll back Bidenโ€™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-runnerโ€™s signature legislative achievements โ€“ the 2017 Tax Cuts and Jobs Act, which Scott is promising to make permanent. Itโ€™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 doesnโ€™t carry some of liabilities that have hurt Trump and Trump-aligned candidates in the past.

โ€œI 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,โ€ Scott told voters at a town hall in Le Mars, Iowa, in August. โ€œOn the domestic side, Iโ€™m your guy.โ€

Scottโ€™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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