Trump opportunity zones raised $75B to rebuild poorest communities - Washington Examiner
The Trump administration's tax break for underprivileged neighborhoods has attracted an estimated $75 billion dollars in private investment, potentially lifting one million people out of poverty, according to a White House study.
Opportunity zones were created in the tax overhaul of 2017, offering capital gains advantages to investors as a way to encourage new businesses, housing, and jobs. President Trump has hailed their success.
A study by the White House Council of Economic Advisers, obtained by the Washington Examiner and due to be published soon, estimates that $75 billion has been raised by funds set up to invest in the zones - money that would likely have been directed elsewhere without the breaks.
- Thank You, Lord, for this money to help the poor communities that have fallen into disrepair. We ask that You spread this news far and wide - to let everyone know that help is coming. We also bind any attempts to cause this money to be used for other things, and declare that by Your Hand it will be spent where it is needed.
"Whoever is generous to the poor lends to the Lord, and he will repay him for his deed." (Proverbs 19:17)
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