Why would you support this?

Bath PA

Description

Congress tucked a provision into the 2017 tax bill that led to the creation of 8,764 tax havens across the United States called “opportunity zones.” A capital-gains tax break sold as a way to induce the wealthy to invest in poor neighborhoods, opportunity zones appear to be providing more opportunity for the wealthy to cut their tax bills than to the people who live in designated zones. It’s a case study on how very hard it is to tweak the tax code to direct money to places and activities that Congress favors without creating windfalls for the rich.