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Bipartisan Success of Opportunity Zones Gives Trump an Edge, Washington Examiner

2/27/2020

 
Doubts about the ability of certain Democratic presidential front-runners to connect with black voters have left an opening for President Trump to promote his administration's policy successes.
During the Super Bowl, Trump ran a television ad highlighting the historic criminal justice reform package he signed into law. More recently, his State of the Union highlighted a tax benefit known as Opportunity Zones, which has delivered significant benefits to low-income neighborhoods.
The Opportunity Zone tax incentive was part of the Tax Cut and Jobs Act, signed into law by Trump in December 2017. Opportunity Zones give economically distressed communities a second chance by offering investors tax benefits for providing qualifying capital to these areas. There are over 8,700 low or moderate-income census tracts designated as Opportunity Zones throughout all 50 states, Washington, D.C., and five U.S. territories with 35 million people residing in them.
Since its inception, this program has received bipartisan support due to its creative approach to assisting communities that need it most.
Read the whole op-ed in the Washington Examiner.

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