Tim Scott has an estimated net worth of $8 million. This is from his career as a politician and a businessman. He owns an insurance agency and is a partner in Pathway Real Estate Group, LLC.
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Scott supports infrastructure development and public works for his district. He opposes restrictions on deepwater oil drilling. He proposed the opportunity zone designation in the Tax Cuts and Jobs Act of 2017.
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Scott believes that federal spending and taxes should be reduced, with a Balanced Budget Amendment and the Fair Tax respectively implemented for spending and taxes.
Scott is one of 11 African-Americans to have served in the US Senate, and the first to have served in both chambers of Congress. He is the 1st African-American senator from South Carolina, the first African-American senator elected from the Southern United States since 1881.
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