Deleted
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Post by Deleted on Jul 27, 2020 19:20:43 GMT
I'm practicing my MSM headline writing but in reverse. What do you think? www.oann.com/reps-ocasio-cortez-tlaib-propose-amendment-to-defund-opportunity-zones/Rep. Alexandria Ocasio-Cortez and Rep Aqib Talib are striking at the heart of a program that is designed to help economically depressed areas that are largely occupied by minorities. The representatives seek to defund the Opportunity Zone program. The Opportunity Zone program allows investors to defer capital gains tax on up to 15% of their current investments and pay no capital gains tax on gains from real estate in an area designated as an Opportunity Zone. Opportunity Zones are economically challenged areas that, in many cases, are inhabited by minorities. The funds directed to these areas build businesses ranging from convenience stores to manufacturing. The added funds attract jobs and activity as well as increasing the value of commercial and residential real estate. Without incentives to protect investors from taxes, these areas would be considered too risky for investment and would likely remain economically depressed. Ending the program would be a blow to the poor and to minorities. |
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Post by Greg55_99 on Jul 27, 2020 19:30:01 GMT
And there's a reason for their opposition:
The Biggest Problem With Opportunity Zones
Two years ago, when the U.S. Treasury Department outlined how its new “Opportunity Zones” program would work, many experts were skeptical. Touted as a tax incentive designed to spur investment in low-income communities and help remedy the unequal pace of regional economic development, the program looked to some like another tax break for the wealthy; others feared it would just underwrite big projects in gentrifying neighborhoods rather than lift up disinvested ones.
A new study by the Urban Institute offers more evidence that those skeptics had good reason to doubt the policy’s promises. Most investment under the program had gone to large real estate projects instead of the small businesses and community developments that it was supposedly designed to support. Only a small percentage of the more than $10 billion invested as part of the program has benefited existing businesses, the study concluded: “It appears that [Opportunity Zones] are neither on a trajectory to democratize access to capital nor will they, at scale, incentivize mission-oriented projects that align with community goals and priorities.”
www.bloomberg.com/news/articles/2020-06-25/opportunity-zones-don-t-work-can-they-be-fixed
Just sayin'...
Greg
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Odysseus
Legend
Trump = Disaster
Posts: 41,115
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Post by Odysseus on Jul 27, 2020 19:34:04 GMT
There are two sides to every story. I didn't expect a link to OANN on this subject to be very truthful. And it wasn't. Here's a look from the other side:
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Post by Greg55_99 on Jul 27, 2020 19:38:57 GMT
How many failed programs to equalize people are we up to now? Maybe we need to go back and rethink the assumptions these policies are based on.
Shitbird.
Greg
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Odysseus
Legend
Trump = Disaster
Posts: 41,115
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Post by Odysseus on Jul 27, 2020 19:49:19 GMT
How many failed programs to equalize people are we up to now? Maybe we need to go back and rethink the assumptions these policies are based on.
Shitbird.
Greg
On the positive side, found D-goon's photo:
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Post by Fiddler on Jul 27, 2020 20:28:04 GMT
I'm practicing my MSM headline writing but in reverse. What do you think?
That your application to OANN is being fast-tracked ..
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RWB
Legend
Posts: 12,819
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Post by RWB on Jul 27, 2020 20:35:14 GMT
I'm practicing my MSM headline writing but in reverse. What do you think? www.oann.com/reps-ocasio-cortez-tlaib-propose-amendment-to-defund-opportunity-zones/Rep. Alexandria Ocasio-Cortez and Rep Aqib Talib are striking at the heart of a program that is designed to help economically depressed areas that are largely occupied by minorities. The representatives seek to defund the Opportunity Zone program. The Opportunity Zone program allows investors to defer capital gains tax on up to 15% of their current investments and pay no capital gains tax on gains from real estate in an area designated as an Opportunity Zone. Opportunity Zones are economically challenged areas that, in many cases, are inhabited by minorities. The funds directed to these areas build businesses ranging from convenience stores to manufacturing. The added funds attract jobs and activity as well as increasing the value of commercial and residential real estate. Without incentives to protect investors from taxes, these areas would be considered too risky for investment and would likely remain economically depressed. Ending the program would be a blow to the poor and to minorities. NAH the most Racist woman in Congress by a country mile is Mad Maxine Waters. |
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Post by william on Jul 27, 2020 20:50:09 GMT
How many failed programs to equalize people are we up to now? Maybe we need to go back and rethink the assumptions these policies are based on. I'm sure that you noticed that the only ones here who are supporting this rightwinger tax giveaway to the rich are rightwingers. It's reps AOC and Talib and liberal posters who advocate defunding this crap program. Then, maybe you didn't. |
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Deleted
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Post by Deleted on Jul 27, 2020 21:00:33 GMT
How many failed programs to equalize people are we up to now? Maybe we need to go back and rethink the assumptions these policies are based on. I'm sure that you noticed that the only ones here who are supporting this rightwinger tax giveaway to the rich are rightwingers. It's reps AOC and Talib and liberal posters who advocate defunding this crap program. Then, maybe you didn't. Oh no no no. The worth of the program is in its intent. Isn't that right? Libs have told us for decades that programs that don't work just need more funding and that whether or not they work is not the measure of their worth. The intent is all that matters, consequences be damned. So, you are not allowed to bring up the value of a program intended to help imporvished minorities. To do so is automatically racist. |
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Post by Greg55_99 on Jul 27, 2020 21:08:31 GMT
I'm sure that you noticed that the only ones here who are supporting this rightwinger tax giveaway to the rich are rightwingers. It's reps AOC and Talib and liberal posters who advocate defunding this crap program. Then, maybe you didn't. Oh no no no. The worth of the program is in its intent. Isn't that right? Libs have told us for decades that programs that don't work just need more funding and that whether or not they work is not the measure of their worth. The intent is all that matters, consequences be damned. So, you are not allowed to bring up the value of a program intended to help imporvished minorities. To do so is automatically racist.
I don't get it. What are you fussing about?
Greg
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Post by william on Jul 27, 2020 23:08:27 GMT
Oh no no no. The worth of the program is in its intent. Isn't that right? Libs have told us for decades that programs that don't work just need more funding and that whether or not they work is not the measure of their worth. The intent is all that matters, consequences be damned. So, you are not allowed to bring up the value of a program intended to help imporvished minorities. To do so is automatically racist.
I don't get it. What are you fussing about?
Greg
what a dumbass. Shoots himself in both feet and doesn't even know it. |
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Odysseus
Legend
Trump = Disaster
Posts: 41,115
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Post by Odysseus on Jul 28, 2020 3:54:12 GMT
Oh no no no. The worth of the program is in its intent. Isn't that right? Libs have told us for decades that programs that don't work just need more funding and that whether or not they work is not the measure of their worth. The intent is all that matters, consequences be damned. So, you are not allowed to bring up the value of a program intended to help imporvished minorities. To do so is automatically racist.
I don't get it. What are you fussing about?
Greg
I think KStU just got his panties in a bunch for no good reason.
Again.
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Post by crepe05 on Jul 28, 2020 12:38:13 GMT
If this is such an unworkable program, then dems, change the law or scrub it instead of just complaining about it. Laws are mostly written in the House. Write one and move it along. See how that works. Or you can use the old slogan used in the past (maybe by loveable Maxine-Baby), "It's for the children". Do your job. You are elected to do a job, you know.
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Deleted
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Post by Deleted on Jul 28, 2020 14:27:43 GMT
I don't get it. What are you fussing about?
Greg
what a dumbass. Shoots himself in both feet and doesn't even know it. So you support racism? Why? |
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Deleted
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Post by Deleted on Jul 28, 2020 14:28:02 GMT
I don't get it. What are you fussing about?
Greg
I think KStU just got his panties in a bunch for no good reason.
Again.
I'm not the one on the side of racism. |
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Post by Greg55_99 on Jul 28, 2020 14:34:53 GMT
I think KStU just got his panties in a bunch for no good reason.
Again.
I'm not the one on the side of racism.
What does this have to do with racism?
Greg
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Deleted
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Post by Deleted on Jul 28, 2020 14:52:12 GMT
I'm not the one on the side of racism.
What does this have to do with racism?
Greg
They are wanting to cut funds to a program that is intended to help poor minorities. By liberal standards that is the epitome of racism. Y'all get so mad when I apply your standards to you. |
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Post by Greg55_99 on Jul 28, 2020 15:02:15 GMT
What does this have to do with racism?
Greg
They are wanting to cut funds to a program that is intended to help poor minorities. By liberal standards that is the epitome of racism. Y'all get so mad when I apply your standards to you.
Well, as has been pointed out, the program does not appear to be helping poor minorities. In fact, it seems to be lining the pockets of fat cats. So, they have taken the view that the program is NOT doing what it is INTENDED to do. With that in mind, they want to get rid of it. What's wrong with that?
Greg
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Post by freonbale on Jul 28, 2020 15:05:23 GMT
I'm practicing my MSM headline writing but in reverse. What do you think? www.oann.com/reps-ocasio-cortez-tlaib-propose-amendment-to-defund-opportunity-zones/Rep. Alexandria Ocasio-Cortez and Rep Aqib Talib are striking at the heart of a program that is designed to help economically depressed areas that are largely occupied by minorities. The representatives seek to defund the Opportunity Zone program. The Opportunity Zone program allows investors to defer capital gains tax on up to 15% of their current investments and pay no capital gains tax on gains from real estate in an area designated as an Opportunity Zone. Opportunity Zones are economically challenged areas that, in many cases, are inhabited by minorities. The funds directed to these areas build businesses ranging from convenience stores to manufacturing. The added funds attract jobs and activity as well as increasing the value of commercial and residential real estate. Without incentives to protect investors from taxes, these areas would be considered too risky for investment and would likely remain economically depressed. Ending the program would be a blow to the poor and to minorities. I don't understand why you call them racist.
They do not believe any race is better than any other, so what do you mean by racist?
Freon
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Post by william on Jul 28, 2020 16:42:39 GMT
They are wanting to cut funds to a program that is intended to help poor minorities. By liberal standards that is the epitome of racism. Y'all get so mad when I apply your standards to you.
Well, as has been pointed out, the program does not appear to be helping poor minorities. In fact, it seems to be lining the pockets of fat cats. So, they have taken the view that the program is NOT doing what it is INTENDED to do. With that in mind, they want to get rid of it. What's wrong with that?
Greg
He sure put himself in the stupid corner with this one. I wonder if he'll ever figure out why opposing a program because it didn't work is a good thing. |
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