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Study Finds Trump Tax Break Fails to Deliver for Communities

June 17, 2020, 4:01 AM

President Donald Trump recently highlighted the “opportunity zone” tax breaks he signed into law in late 2017 as a reason his administration “has done more for the Black Community than any president since Abraham Lincoln.”

A new analysis by the left-leaning Urban Institute questions if the program is meeting its goal of spurring development and creating jobs in “undercapitalized communities,” many of which of are majority Black.

“It was sobering for us in terms of how hard it is to do impact projects under the program,” said researcher Brett Theodos, one of the authors of the study. It’s “not ...