Opinion: Trump's tax cuts were mostly a big waste of money, but they also included one idea that just might help rebuild forgotten parts of America by econjared
Most changes in the Tax Cuts and Jobs Act, the tax-reform law pushed by President Donald Trump and Republicans in December 2017, have been a dud for the economy. But there was one bipartisan idea, called"opportunity zones," that has shown promise. Opportunity zones are designed to move capital toward underperforming areas in the US. While there are risks that opportunity zones could be abused, there are also promising signs the tax break could help boost struggling communities.
Most changes in the Tax Cuts and Jobs Act, the tax-reform law pushed by President Donald Trump and Republicans in December 2017, have been a dud for the economy. But there was one bipartisan idea, called"opportunity zones," that has shown promise. Opportunity zones are designed to move capital toward underperforming areas in the US. While there are risks that opportunity zones could be abused, there are also promising signs the tax break could help boost struggling communities.
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