White House attacks Rick Scott amid bad economic news


title=

Sen. Rick Scott, R-Fla., speaks during the Conservative Political Action Conference (CPAC) on Saturday, February 26, 2022 in Orlando, Florida.

PA

The White House is stepping up efforts to elevate Sen. Rick Scott’s tax proposal ahead of the midterm elections.

Democrats see the tax hike proposal from Scott, R-Florida, the Republican National Senate Committee Chairman, as a useful tool to use against Republican candidates ahead of an election when the party is expected to lose seats to Republicans.

A White House document touting the growth of small businesses since President Joe Biden took office is the latest example of how Biden’s party plans to use Scott’s plan as negative against Republicans this election.

Two pages of the 21-page document are devoted to Scott, the only senator from either party to deserve a mention. The White House document says an analysis by the Biden-Harris administration found that Scott’s plan would raise taxes for 49.7% of small business owners nationwide and 81.6% of small business owners earning less than $50,000.

The latest White House criticism of Scott came the same day the US Commerce Department released a report showing the country’s gross domestic product had shrunk. 1.4% in the first three months of the year. Biden has also been grappling with the political fallout from Record inflation in recent weeks.

Scott’s tax plan, released in February, offers Democrats ammunition on economic issues at a time when they are on the defense. In Scott’s home state, Rep. Val Demings, the likely Democratic nominee for the U.S. Senate, has repeatedly sought to tie Sen. Marco Rubio, R-Florida, to the plan of the other state senator. .

Scott has repeatedly denied that his plan represents a proposal to raise taxes, but the plan’s plain language states that “All Americans should pay income tax to get in the game, even if they don’t.” is a small amount. Currently, more than half of Americans pay no income tax.

In Florida, it would raise taxes for small business owners by 56.8% and result in a median tax increase of $1,400 per year for small business owners, according to White House analysis. Mississippi would see the highest percentage of small business owners pay a higher rate at 62.5%, according to White House analysis, with a median increase of $2,800.

To arrive at these figures, the White House defined small business owners as filers whose active income was at least 25% of their adjusted gross income. The analysis excluded passive income, which may have affected the percentages.

The White House did not immediately explain the decision to exclude passive income from the analysis.

Scott’s spokesman, McKinley Lewis, scanned the White House document.

“The fact that the most unpopular president in recent history is spending more time lying about Sen. Rick Scott’s plan than solving the myriad crises he created says everything you need to know about Joe Biden. and this White House,” Lewis said in a statement.

“Joe Biden could learn a thing or two about the government of Senator Scott who cut taxes more than 100 times and balanced the budget as Governor of Florida, and offers common sense solutions to save our country from Democrats and their disastrous program.

Scott’s tax plan has been a popular talking point in Washington for weeks, but it’s unlikely to become law even if Republicans take control of Congress as a Senate Minority Leader Mitch McConnell has already publicly disavowed the idea.

This story was originally published April 28, 2022 11:39 a.m.

Bryan Lowry covers the White House and Congress for the Miami Herald. Previously, he was a Washington correspondent and senior political reporter for the Kansas City Star. Lowry contributed to The Star’s 2017 project on Kansas government secrecy which was a Pulitzer Prize finalist.

Previous Economic data scheduled for Wednesday
Next The Toxic Politics of Bad Economic News