The New York Times: Lawmakers Increase Criticism Of ‘Opportunity Zone’ Tax Break

The New York Times, Nov. 6, 2019: Lawmakers Increase Criticism Of ‘Opportunity Zone’ Tax Break

Lawmakers are voicing mounting concerns about a federal tax incentive, known as an “opportunity zone,” that is supposed to encourage investors to pump money into the nation’s poorest neighborhoods.

Leading Democrats in the House and Senate have sent a flurry of letters demanding answers and action by federal agencies after recent New York Times articles detailed how wealthy investors and real estate developers, including those with ties to the Trump Administration, are poised to profit on the initiative.

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