Duval Times

Senator Rick Scott issued a weekly update on his efforts to address the nation's debt crisis and rising inflation. This week, he introduced the Homeowners Premium Tax Reduction Act, which aims to provide American homeowners with an above-the-line tax deduction of up to $10,000 for premiums paid annually on their primary residence's homeowners' insurance.

Senator Scott stated, "Under the Biden-Harris administration, Americans are seeing less and less money in their wallets and their dollars aren’t stretching as far as they used to. Whether it’s at the gas pump, at the grocery store or their utility bills, Americans are fed up with the Bidenomics agenda. Thanks to Harris Price Hikes, credit card debt is at record highs and American families are considering delaying paying bills or making essential purchases to afford back-to-school supplies. With all these rising prices, Americans need relief and that’s why I introduced the Homeowners Premium Tax Reduction Act."

He added that this bill would provide direct relief for families in Florida and across the nation by allowing a deduction of up to $10,000 in homeowners insurance premiums paid on their primary residence. "We need to cut costs, bring fiscal sanity back and make Washington work for Florida families," Scott said. "Fighting the historic inflation crisis caused by the Biden-Harris administration is our top priority, and I urge my colleagues to support the immediate passage of my Homeowners Premium Tax Reduction Act to cut costs for American families."

Since his election to the U.S. Senate, Senator Scott has consistently called for action on America's debt crisis and inflation issues.

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