Two Articles on Trump Administration Opportunity Zones compare Raj Chetty's solution
https://cafwd.org/reporting/entry-new/making-california-opportunity-zone-ready-will-boost-critical-housing-and-cl
compare with Raj Chetty:
https://opportunityinsights.org/team/raj-chetty/
About Opportunity Zones:
compare with Raj Chetty:
https://opportunityinsights.org/team/raj-chetty/
About Opportunity Zones:
The stated goal of the tax benefit — tucked into the Republicans’ 2017 tax-cut legislation — was to coax investors to pump cash into poor neighborhoods, known as opportunity zones, leading to new housing, businesses and jobs.
The initiative allows people to sell stocks or other investments and delay capital gains taxes for years — as long as they plow the proceeds into projects in federally certified opportunity zones. Any profits from those projects can avoid federal taxes altogether.
“Opportunity zones, hottest thing going, providing massive new incentives for investment and job creation in distressed communities,” Mr. Trump declared at a recent rally in Cincinnati.
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