Opportunity zones

Trump using American capitalism to lift up the poor

Star Parker, Boston Herald

Governors in the 50 states were asked to identify their most economically distressed ZIP codes, neighborhoods where, for instance, poverty stands at twice the national average, to qualify as Opportunity Zones. More than 8,700 ZIP codes have been designated, and they qualify for tax-preferred investment that, by estimates from the Treasury department, could amount to $100 billion. This is all private investment, which can flow into these troubled areas, that because of preferred tax treatment — forgiveness of capital gains taxes — would not otherwise be made.