Washington – Today U.S. Senator Tim Scott (R-SC) introduced the Investing in Opportunity Act, a bipartisan bill proposing a new solution to encourage economic growth and job creation in economically distressed communities. Senator Cory Booker (D-NJ) and Representatives Pat Tiberi (R-OH) and Ron Kind (D-WI) joined Scott to introduce the bill, which offers a temporary capital gains deferral in exchange for reinvesting those dollars into distressed communities.
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By: Staff, Senator Tim Scott
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