President Trump Signs Executive Order To “Revitalize” Economically Distressed Communities
Looking for the news about @realDonaldTrump ending birthright citizenship via executive order….nope can’t find it. pic.twitter.com/F9MgIOcM9T
— Jesse Herman (@JesseJHerman) December 12, 2018
In other words, Trump is going to revitalize cities like Detroit, East St. Louis and Birmingham with Jack Kemp opportunity zones:
“President Trump on Wednesday signed an executive order aimed at helping economically distressed communities, building off a provision in his tax-cut law.
The order creates a White House panel dubbed the Opportunity and Revitalization Council, which will be led by Housing and Urban Development Secretary Ben Carson and consist of representatives from 13 federal agencies. …
The executive order is designed to supplement a piece of Trump’s 2017 tax-cut law known as opportunity zones. Under the opportunity zone program, investors can receive capital-gains tax breaks if they invest in distressed areas that were certified by the Treasury Department.
More than 8,000 communities nationwide, where nearly 35 million people live, are in opportunity zones. Treasury Secretary Steven Mnuchin has said that he expects that there will be about $100 billion in private capital invested in the zones. …”
The Trump administration has been like a Petri dish for every retarded idea cooked up conservative think tanks. The Jack Kemp Foundation which has pushed this is based there.
Note: This episode shows why the Alt-Right is needed more than ever. This is the sort of thing conservatives do when they are in power. See also criminal justice reform.
Source: http://www.occidentaldissent.com/2018/12/12/president-trump-signs-executive-order-to-revitalize-economically-distressed-communities/
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