The Racist & Chief felt the need to spread some racist Holiday cheer by investing $100 Billion in Black Communities. Why are we not hearing about this in the news? The mainstream media would never report anything that’s beneficial to President Trump. Their objective is clear “Resist”. Conservatives all across this great nation know what President Trump is doing. We all know he’s doing better than any President before him including President Reagan. A Reganite myself, it’s hard to say those words. Truth be told, President Trump has followed in the footsteps of Reagan & is going much further than the former President was able to. Reminds me of Nick Saban leading the Crimson Tide to countless victories just as the greatest College Football Coach of all time Paul “Bear” Bryant. Saban took Coach Bryant’s wisdom & ran with it. Now, Saban has become the greatest football coach post Bryant. No wonder Saban & Trump love each other.
CREATING OPPORTUNITY FOR ALL: President Donald J. Trump is encouraging investment to create opportunity in distressed communities.
-President Trump is signing an Executive Order establishing the White House Opportunity and Revitalization Council.
-The Council will be chaired by the Secretary of Housing and Urban Development, Ben Carson, and comprised of 13 Federal agencies.
-The Council will engage with all levels of government on ways to better use taxpayer dollars to revitalize low-income communities.
-The Council will improve revitalization efforts by streamlining, coordinating, and targeting existing Federal programs to economically distressed areas, including Opportunity Zones.
-Lack of coordination and targeting has led to cumbersome applications, program waste, and ineffective benefits.
-The Council will consider legislative proposals and undertake regulatory reform to remove barriers to revitalization efforts.
-The Council will present the President with a number of reports identifying and recommending ways to encourage investment in economically distressed communities.
ENCOURAGING INVESTMENT: Opportunity Zones will spur private investment to revitalize hurting communities and unleash their economic potential.
-In 2017, President Trump signed the Tax Cuts and Jobs Act, which established Opportunity Zones to incentivize long-term investments in low-income communities across the country.
-These incentives offer capital gains tax relief to investors for new investment in designated Opportunity Zones.
-Opportunity Zones are anticipated to spur $100 billion in private capital investment.
-Incentivizing investment in low-income communities fosters economic revitalization and job creation, and promotes sustainable economic growth across the Nation.
LIFTING UP COMMUNITIES: Opportunity Zones help drive economic growth and lift up communities that have been left behind.
-Opportunity Zones are a powerful vehicle for bringing economic growth and job creation to the American communities that need them the most.
-On average, the median family income in an Opportunity Zone is 37 percent below the state median.
-The average poverty rate in an Opportunity Zone is 32 percent, compared with the national rate of 17 percent.
-8,761 communities in all 50 States, the District of Columbia, and 5 Territories have been designated as Opportunity Zones.
-Nearly 35 million Americans live in communities designated as Opportunity Zones. –WhiteHouse.Gov
The council will be led by Ben Carson, head of the Department of Housing and Urban Development.
“Today, the nation’s unemployment rate is at a 49-year low. Jobless rates among African-Americans down to a record low of 5.9 percent. Wages on the rise,” Carson said. “While we can all be proud of these achievements, one challenge has remained: There are still communities in our country that have seen little or no new investment in generations.”
According to the Baltimore Sun, the new program will offer breaks on capital gains taxes to investors in distressed zones — obviously a huge boost to predominately black and minority neighborhoods, which are still lagging in indicators like wage growth.
The opportunity zones, Carson said, “are home to approximately 35 million Americans. The Department of Treasury estimates that the Opportunity Zone legislation could attract over $100 billion in private investment, which will go a long way to spur on jobs and economic development.
“This kind of medicine is precisely what a doctor would prescribe to heal communities where nearly 1 in 3 people live in poverty, and unemployment is nearly twice the national average.”
Pastor Donté Hickman, who the president said is “helping lead a groundbreaking project in the newly designated opportunity zone,” hailed the initiative.