Why would Senator Rick Scott want the IRS budget reduced 50%? Scott is the richest U.S. Senator and once had his own investment company. Below are various Scott family corporations on record with the SEC.
The men who manage his ample wealth once worked for Richard L. Scott Investments.
Greg Scott runs G. Scott Capital whose logo is just Scott Capital. Greg shares the same last name as the Senator but is not related.
Greg's years of working for Senator Scott's former PEU means he knows well Scott's investment style.
Rick Scott's unethical background as head of Columbia/HCA is well documented in a $1.7 billion Justice Department fine.
The Senator's background includes corporate raiding as a private equity underwriter (PEU).
On July 22, 2005, a dissident shareholder group comprised of Crescendo Partners II, L.P., Series R, Crescendo Investments II, LLC, Eric Rosenfeld, F. Annette Scott Florida Trust, Richard L. Scott Florida Trust, Scott Family Florida Partnership Trust, Richard L. Scott and Stephen T. Braun, calling themselves The Computer Horizons Full Value Committee (together, the "Dissident Group"), filed a Statement on Schedule 13D (the "Schedule 13D") disclosing a combined ownership of CHC common stock equal to 10.3% of the issued and outstanding CHC common stock. The Dissident Group's Schedule 13D further disclosed the Dissident Group's opposition to CHC's previously announced proposed merger with Analysts International Corporation ("Analysts") and the Dissident Group's intentions to solicit proxies in opposition to the proposed merger and, eventually, to call a special meeting of the shareholders of CHC for the purpose of removing all of the existing members of the CHC board of directors, without cause, and replacing them with the Dissident Group's own slate of director nominees. Ironically, despite the Dissident Group's criticism of CHC's proposed merger with Analysts, most of the Dissident Group's holdings in CHC were acquired beginning on May 31, 2005, subsequent to CHC's first public announcement concerning the proposed merger which occurred almost 6 weeks earlier on April 13, 2005
The.Scott family and its various trusts raided Computer Horizons Corporation. That required coordination amongst entities:
...each of F. Annette Scott Florida Trust and Richard L. Scott having sole voting and dispositive power over 333,996 shares of CHC common stock; Richard L. Scott Florida Trust having sole voting and dispositive power over 305,481 shares of CHC common stock; Scott Family Florida Partnership Trust having sole voting and dispositive power over 185,523 shares of CHC common stock...
The greed and leverage boys hate paying taxes and retained their preferred carried interest taxation thanks to sponsored politicians. As a U.S Senator Rick Scott can help his former peers by nixing any tax increases. Cutting the IRS budget in half would be another feather in his PEU cap. They don't like to share.
Update 3-19-22: Regarding Rick Scott's coordinated use of trusts for corporate raiding purposes:
For all practical purposes, the trust is invisible to the Internal Revenue Service (IRS). As long as the assets are sold at fair market value, there will be no reportable gain, loss or gift tax assessed on the sale. There will also be no income tax on any payments paid to the grantor from a sale.
State of Florida corporation records indicate Richard L. Scott Investments changed names in 2013 to Columbia Collier Management with manager Frances Annette Scott, his wife.
A multipart policy plan released by Sen. Rick Scott on Feb. 22 says “all Americans” should have to pay “income tax,” while saying that “over half of Americans” currently do not.
In an interview later that day the Florida senator falsely claimed that he had not suggested increasing federal income taxes for that many people. Yes he did.
Update 3-27-22: Fox News John Roberts held Senator Scott's plan up as a mirror and Scott accused him of using Democrat talking points. Roberts said "It's in your plan."
Update 3-28-22: Another story on Scott's bizarre deflection mentions his unethical background as hospital chain CEO.
