Tim Scott’s New Economic Plan: Build. Don’t Borrow.

Tim Scott’s New Economic Plan: Build. Don’t Borrow.

Joe Biden has turned America into a nation of borrowers. Tim Scott has a plan to stop borrowing and start building — so the future is Made in America.

CHARLESTON, SC – Today, Tim Scott unveiled his new economic plan: “Build. Don’t Borrow.” Tim’s plan includes stopping runaway government spending and cutting taxes, getting Americans working, and unleashing American manufacturing and energy production with his Made In America agenda.

This Friday, Tim will meet with local business leaders in Spartanburg, South Carolina, to introduce his plan to create opportunity, get Americans working, and reinvigorate the economy. Following that, Tim will share his economic plan with caucus-goers in Iowa for a series of events on Saturday, September 16 and Monday, September 18.

“On Joe Biden’s watch, China builds while America borrows. I have a plan to stop borrowing and start building, and create a future Made in America,” said Tim Scott. “As President, I will cut socialist government spending, reclaim our supply chains, cut taxes, and unleash American energy. We will lead the world in building, growing, and inventing the future.”

Tim Scott’s New Economic Plan: Build. Don’t Borrow. 

I. Cutting Spending, Government, and Taxes

• Cut non-defense discretionary spending back to the pre-pandemic baseline.
• Prevent the Biden Tax Hike, make your personal and family tax cuts permanent, and kill the Death Tax to save family farms. Your money belongs to you, not the IRS.
• Move cabinet agency staff out of Washington D.C., end automatic raises for federal bureaucrats, and push money and power back into the Heartland.

II. Get America Working

• Rebuild a culture that motivates, inspires, and requires work.
• Restore the dignity of work through stronger work requirements and Welfare Reform 2.0.
• Stop Biden’s student loan socialism for elites and expand the skilled trades instead — through tax cuts, apprenticeships, and expanded Pell Grants.

• Eliminate the Factory Tax and supercharge American manufacturing — by rewarding American businesses that build, not foreign companies that borrow.
• Make American energy abundant, cheap, and dominant — by ramping up oil and gas development, expanding ethanol and biofuels, and aiming to double nuclear energy in 10 years.
• Champion ethanol and biofuels and support America’s farmers who are growing our way toward energy independence.
• Defend American agriculture. Stop China from buying up our farmland, protect property rights from liberal regulators, and prevent the IRS from killing family farms.

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