Providing Tax Certainty for Small Businesses
Rick Scott understands how critical certainty in the tax code is to small businesses in order for them to thrive. That is why he supports The Main Street Tax Certainty Act which makes permanent the tax deduction for qualified business income and substantially lowers the tax burden on small pass-through businesses.
Increasing the Capital Gains Exclusion
Rick Scott supports the More Homes on the Market Act which would double the current capital gains exclusion for homeowners when selling their principal residence and index it to future inflation. Without the fear of a massive tax liability, more long-time homeowners will be incentivized to sell their homes and help alleviate the inventory shortage.
Eliminating the Death Tax
Rick Scott understands that homeownership is one of the primary builders of generational wealth in America. That is why he co-sponsored the Death Tax Repeal Act so that future generations can better benefit from inheritance, rather than seeing a large portion of their family’s money go toward taxes.
Ensuring the Availability of Affordable Flood Insurance
Rick Scott understands that flood victims recover more quickly with flood insurance and supports legislation to reauthorize and reform the National Flood Insurance Program.
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