WFFaithful
Well-known member
Still waiting on an investigation into how all those companies happened to give out very similar bonuses before the tax bill went into effect (and then never again.)
What a scam.
It's what Republicans do.
Still waiting on an investigation into how all those companies happened to give out very similar bonuses before the tax bill went into effect (and then never again.)
What a scam.
Budget Deficit on Path to Surpass $1 Trillion Under Trump
But it’s worth it since we’re investing in better healthcare and infrastructure.
OTOH his mailer also says he’ll FIGHT for lower taxes which I believe 100% however that is in direct conflict with point #1 balanced budget.
Not to Republicans. They believe money magically appears when you cut taxes.
It does. In your bank account.
Former Gov. Chris Christie of New Jersey; Richard LeFrak, a New York real estate titan who is close to the president; Anthony Scaramucci, a former White House aide who recently had a falling out with Mr. Trump; and the family of Jared Kushner, Mr. Trump’s son-in-law and senior adviser, all are looking to profit from what is shaping up to be a once-in-a-generation bonanza for elite investors.
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.
Instead, billions of untaxed investment profits are beginning to pour into high-end apartment buildings and hotels, storage facilities that employ only a handful of workers, and student housing in bustling college towns, among other projects.
Paul DeMoret, for example, recently sold his auto-industry software company in Oregon. He said he was using some of those capital gains to help finance a Courtyard by Marriott in Winston-Salem, N.C., and an apartment building in Tempe, Ariz., among other projects in opportunity zones. He is making the investments through a private equity firm, Virtua Partners.
Is this newsworthy or NAH!??