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Press Release: Senator Tim Scott Highlights Economic Advantages of H.R. 1 for South Carolina Families and Businesses

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Senator Tim Scott praises "One Big Beautiful Bill," highlighting its economic benefits for South Carolinians, including tax relief and job protection.

Quiver AI Summary

U.S. Senator Tim Scott (R-S.C.) issued a statement regarding the economic impacts of H.R. 1, the One Big Beautiful Bill Act, asserting it will benefit South Carolina families and businesses. He describes the bill as a "game-changer" that provides significant tax relief and job protection while reinforcing the manufacturing sector.

According to analysis from the Council of Economic Advisers, the legislation will protect nearly 97,000 jobs and enhance wages by up to $6,000 over four years. It also eliminates certain taxes that could benefit many South Carolinians, including seniors and those in tip-eligible positions.

The bill is expected to expedite growth in South Carolina's manufacturing sector by extending tax deductions for small businesses and making Opportunity Zone incentives permanent. Senator Scott emphasized the administration's commitment to economic progress and equal opportunities for all Americans.

Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.

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Tim Scott Net Worth

Quiver Quantitative estimates that Tim Scott is worth $804.4K, as of July 24th, 2025. This is the 312th highest net worth in Congress, per our live estimates.

Scott has approximately $45.9K invested in publicly traded assets which Quiver is able to track live.

You can track Tim Scott's net worth on Quiver Quantitative's politician page for Scott.

Tim Scott Bill Proposals

Here are some bills which have recently been proposed by Tim Scott:

  • S.2419: A bill to amend the Consumer Financial Protection Act of 2010 to clarify the authority of the Bureau of Consumer Financial Protection with respect to persons regulated by a State insurance regulator, and for other purposes.
  • S.2358: A bill to amend the Internal Revenue Code of 1986 to modify the procedural rules for penalties.
  • S.2301: A bill to reauthorize certain programs regarding rural health care.
  • S.2237: Hospital Inpatient Services Modernization Act
  • S.2228: Modern Worker Empowerment Act
  • S.2118: Value Over Cost Act of 2025

You can track bills proposed by Tim Scott on Quiver Quantitative's politician page for Scott.

Tim Scott Fundraising

Tim Scott recently disclosed $674.9K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 94th most from all Q2 reports we have seen this year. 98.0% came from individual donors.

Scott disclosed $868.5K of spending. This was the 33rd most from all Q2 reports we have seen from politicians so far this year.

Scott disclosed $5.1M of cash on hand at the end of the filing period. This was the 47th most from all Q2 reports we have seen this year.

You can see the disclosure here, or track Tim Scott's fundraising on Quiver Quantitative.

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