AOC introduces amendment to defund Trump opportunity zones

[xuenchen]

Trump's tax law changes in 2017 created some areas in poor neighborhoods that encouraged private investment and gave tax benefits to investors.

It's apparently been working pretty well and probably has created some jobs as well.

But here come the deranged jealous Democrats to the rescue !!

AOC and radical mental case Rashida Tlaib are putting up some legislation to "defund" the program !!

Makes sense because Democrats need to dismantle and then suggest their plan is better.

Beware Democrats want to enhance their own Plantation Systems by hijacking the current successful programs !!

Wait for the Biden Campaign to "promise" a "new" opportunity program !!

Liberal congresswomen Alexandria Ocasio-Cortez and Rashida Tlaib filed an amendment to a House spending package on Wednesday that would defund the "opportunity zone" program created by President Trump's 2017 tax law.

The amendment, if made into law, would prohibit the Internal Revenue Service from using any funds in a large House spending bill, which is currently under consideration, to administer or enforce the opportunity zone program, a tax break created by the 2017 tax bill meant to revitalize poor communities through private investments.

The tax incentive was created to benefit poor neighborhoods. Democrats opposed the measure and have drawn attention to reports that very wealthy people, such as financier Michael Milken, have taken advantage of opportunity zone designations. ProPublica reported last November that a “superyacht marina” qualified as an opportunity zone. Because there is no requirement to provide an overarching view of how the zones are working, the prevalence of such examples is unknown.

Ocasio-Cortez of New York and Tlaib of Michigan make up half of the liberal contingent of four Democratic women in Congress who call themselves “the Squad.” With the support of other liberal lawmakers and groups, Tlaib tried to repeal the opportunity zones program in 2019 but did not succeed.


LINK-->  AOC introduces amendment to defund Trump 'opportunity zones'

Opportunity Zones search info


what's good for the goose baby

[Mystic Wanderer]

If the Squad have their fingers in the pie, you know it's full of vinegar.  

I'll pass.