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December 13, 2018

New Opportunity Zones offer big tax breaks for developers, like Jared Kushner and Ivanka

  • There's no evidence the couple had a hand in selecting the 8,700 Opportunity Zones, but an AP analysis shows that they could profit even if they don't do anything.
    • By STEPHEN BRAUN, JEFF HORWITZ and BERNARD CONDON
    Associated Press

    WASHINGTON — At an Oval Office gathering earlier this year, President Donald Trump began touting his administration's new real estate investment program, which offers massive tax breaks to developers who invest in downtrodden American communities. He then turned to one of the plan's strongest supporters.

    “Ivanka, would you like to say something?” Trump asked his daughter. “You've been pushing this very hard.”


     
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