White House boosts tax break that's attracted Kushner, Scaramucci and other wealthy investors - News Summed Up

White House boosts tax break that's attracted Kushner, Scaramucci and other wealthy investors


(CNN) President Donald Trump signed an executive order Wednesday establishing the White House Opportunity and Revitalization Council, designed to boost investment in low-income communities via a tax break passed last year. Among those who have moved to take advantage of the program are close Trump allies -- and even members of his own family. Kushner's family real estate firm Kushner Companies could also benefit from the program. The company and associated entities, which already owned properties in a New Jersey area that was designated this year as an opportunity zone, have spent more than $13 million buying new properties that would be eligible for the tax break, according to Monmouth County public records.


Source: CNN December 12, 2018 21:56 UTC



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