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Gov. Scott would be a big winner under GOP tax plan

AMT and estate tax changes would benefit wealthy governor.
Vice President Mike Pence and Gov. Rick Scott in Orlando (Photo: Orlando Sentinel)
Published Nov. 3, 2017
Updated Nov. 3, 2017

Vice President Mike Pence took the GOP tax cut quest to Orlando on Thursday and promised utopia. "We're going to save people time. We're going to save people money. We're going to simplify the tax code, once and for all," he said.

The plan would also save money — a ton of it — for the man standing with him, Gov. Rick Scott.

Among potential savings for the ultra-rich is an elimination of the alternative minimum tax.

Scott's 2013 tax return shows he paid $339,000 in AMT. A year before he shelled out $360,000.

The estate tax would also be phased out after six years, a major boon for Scott, who in 2016 had a net worth of $149 million.

Scott said the proposal would generate jobs.

"You cut taxes, you get more jobs," he said. "It's as simple as that."

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