WASHINGTON, D.C. – Today, Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation. This week, Senator Rick Scott announced his introduction of the Homeowners Premium Tax Reduction Act. This legislation will provide American homeowners an above-the-line tax deduction of up to $10,000 of premiums paid for homeowners’ insurance annually at their primary residence. Following this announcement, Senator Scott released the following statement. See coverage of Senator Scott’s Homeowners Premium Tax Reduction Act from WINK News in Fort Myers HERE and below.

Senator Rick Scott said, “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.

“This bill will provide direct relief for families in Florida and across the nation with 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. 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 being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation. Click HERE for a comprehensive list of his statements and actions on this urgent issue and HERE for Senator Scott’s Quarterly Economic Snapshot.

See more from this week on Twitter:

###