Jared And Ivanka Poised To Profit From Developer Tax Cut They Pushed

[muriel_volestrangler]

WASHINGTON (AP) — At an Oval Office gathering earlier this year, President Donald Trump began touting his administration’s new real estate investment program, which offers massive tax breaks to developers who invest in downtrodden American communities. He then turned to one of the plan’s strongest supporters.

“Ivanka, would you like to say something?” Trump asked his daughter. “You’ve been pushing this very hard.”
...
Trump and Kushner jointly own a big stake in a real estate investment firm, Cadre, that recently announced it is launching a series of Opportunity Zone funds that seek to build major projects under the program from Miami to Los Angeles. Separately, the couple owns interests in at least 13 properties held by Kushner’s family firm that could qualify for the tax breaks because they are in Opportunity Zones in New Jersey, New York and Maryland — all of which, a study found, were already coming back.
...
The couple’s financial disclosures show their jointly held financial empire is worth between $200 million and $800 million, with much of it in real estate, including a stake of between $25 million and $50 million in Cadre. Those documents state they must recuse themselves from dealing with policy matters that touch on real estate and “would have a direct and predictable effect on Cadre.” Ivanka Trump also has interests in Trump Organization properties which are not located inside Opportunity Zones.

https://talkingpointsmemo.com/news/jared-ivanka-profit-off-tax-cut

The family is the fount of the swamp. No, 'swamp' is too nice a word. They are the source of the cesspool.

[ProudMNDemocrat]

1. More money, more money.....

Is all this family lives for.

A smelly cesspool.

[2naSalit]

2. Not for long...