Senator unveils tax-free savings plan to rescue American Dream from soaring home costs

Buying a home was once the bedrock of the American Dream, but for millions of families, that dream is being priced out of reach. 

With the typical down payment more than doubling since 2019 to $30,400, Sen. Rick Scott, R-Fla., is moving to bypass "economy-crushing" inflation. His newly introduced American Dream Accounts Act would empower first-time buyers to shield their savings from the IRS, allowing them to build a down payment faster and reclaim a stake in the country’s future.

"I...