In Opportunity Zones, as they are called, investors will receive huge tax breaks for building office parks, warehouses, housing, grocery stores, and the like, helping to ease poverty and end blight in distressed communities.
Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.
The government has brought on the housing problem, partly by these very low interest rates, which encouraged many people to go way out on a limb. They've brought it on by highly restrictive building policies, which have caused housing prices to skyrocket artificially. And they've brought it on by the Community Reinvestment Act, which presumes that politicians are better able to tell investors where to put their money than the investors themselves are. When you put all that together, you get something like what you have.
I think tax breaks for diversity is a good thing. In film now, what happens is you get huge tax breaks if you can prove via your hiring practices and via casting, that the film is British, you get a tax break. Wouldn't it be great if you got a tax break because the film was properly diverse?
In the UK, tons of records are now sold in grocery stores, because there are no record stores - it's iTunes or the grocery store. And almost every band that had an impact on me was on a major label. There's value in people actually hearing things, as well.
It is time for us to make a real commitment to our rural communities by expanding broadband, by supporting our farmers, by building affordable housing and taking on rural poverty. That's how we leave no one behind.
Mitt Romney has won the 2012 presidential nomination by promising Republicans that he would end a so-called 'culture of dependency' on welfare - welfare defined as 'free stuff' and food stamps for poor folks, not tax breaks for Big Oil or tax shelters for Bain executives.
I have no political ax to grind; I just find it absurd that huge billion-dollar corporations can take over elections. I just find it insane that, for instance, we give tax breaks to people like myself making millions of dollars, while there're no tax breaks for working people. That, to me, is not a political issue, that's a life issue.
Actually, Congress just did pass a tax plan like Donald Trump`s.They passed a tax plan which some Democrats voted for, significant number of Democrats which gave huge tax breaks to wealthy people and corporations.
I think companies trying to exercise a so-called inversion should be hit with an exit tax. So I want to change behaviors, and I am deeply distressed about quarterly capitalism, because I think it is causing businesses to make decisions that are not helping the long-term profitability of American corporations or the success of our economy.
Walmart has stores in almost every city in North America. When they go to same-day delivery, they don't have to build warehouses across North America like Amazon has to do. It is so much cheaper for Walmart to use existing stores as distribution centers.
The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.
We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing.
Enterprise zones have succeeded in attracting needed capital to our urban poverty centers. Businesses and investors that wouldn't otherwise give these blighted areas a second glance react to the incentives and invest.
I really like the idea of consumption tax, and most countries have a pretty serious consumption tax. It's called a value-added tax or a goods and services tax ... It's a sales tax. It doesn't tax labor, it doesn't tax savings or investment - it taxes consumption.
We've got a tax code that is encouraging flight of jobs and outsourcing. And that's why we've specifically recommended in this campaign that Congress change our tax code so that we stop giving tax breaks to companies that are moving to Mexico and China and other places, and start putting those tax breaks into companies that are investing here in the United States.
Foreign investors like decisiveness; they like clarity. There isn't any confusion about Ireland's corporate tax rate: it is 12.5%. End of story.