Tax Bill 2017

New tax law may provide window of opportunity for impoverished areas

Ryan Kailath Mar 21, 2018
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Tax Bill 2017

New tax law may provide window of opportunity for impoverished areas

Ryan Kailath Mar 21, 2018
HTML EMBED:
COPY

It’s an ongoing problem: how to transform persistently poor parts of the country? Well a program coming out of the new tax law hopes to solve that problem. Today is the initial deadline for states to nominate “opportunity zones,” which will try to draw private investment to these areas. But the program may just make the wealthy wealthier and not uplift poor communities economically.

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