The St Louis Contrarian

Providing Independent and Intelligent Insight on St. Louis Public Policy Issues

Archive for the tag “opportunity zones”

Opportunity Zones Don’t Work

www.nytimes.com/2021/04/21/business/biden-trump-opportunity-zones.html

This article points out an analysis that those of us in the field already knew; Opportunity Zones Don’t Work. This program initiated by the Trump Administration provided deferral of capital gains taxes for businesses investing in underserved areas. Research has shown the investments were only made for projects which would have been built anyway. The Biden Administration is trying to change it which is a good idea. Written by Paul Dribin

Good post editorial about opportunity zones

www.stltoday.com/opinion/editorial/editorial-opportunity-promise-or-empowerment-if-you-have-the-money/article_76172eeb-4417-53e8-86dc-1bb8827a7c51.html

there is actually much controversy about this program which gives huge tax breaks to businesses which were likely to invest in these areas anyway.

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