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News

December 12, 2018

Trump to Steer More Money to "Opportunity Zones"

 

New York Times
By Jim Tankersley, Dec. 12, 2018

WASHINGTON — President Trump directed federal agencies on Wednesday to steer spending toward certain distressed communities across the country — part of his administration's push to turn a tax break included in last year's $1.5 trillion tax package into a broader effort to combat poverty and geographic inequality.

Mr. Trump signed an executive order at the White House to push federal resources to so-called opportunity zones — a small but lucrative provision tucked into his signature tax cut that in recent months has vaulted to prominence among real estate developers and other investors. Read more.

 
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