Page 14 - Florida Sentinel 9-6-19

News Around The Nation
How A Trump Tax Break To Help Poor Communities Became A Windfall For The Rich
Donald Trump Calls Omarosa ‘Disgusting’ In Recent Twitter Rant
OMAROSA
DONALD TRUMP
senior adviser, all are looking to profit from what is shaping up to be a once-in-a-genera- tion bonanza for elite in- vestors.
The stated goal of the tax benefit — tucked into the Re- publicans’ 2017 tax-cut legis- lation — was to coax investors to pump cash into poor neighborhoods, known as opportunity zones, leading to new housing, businesses and jobs.
The initiative allows peo- ple to sell stocks or other in- vestments and delay capital gains taxes for years — as long as they plow the pro- ceeds into projects in feder-
ally certified opportunity zones. Any profits from those projects can avoid federal taxes altogether.
“Opportunity zones, hot- test thing going, providing massive new incentives for investment and job creation in distressed communities,” Trump declared at a recent rally in Cincinnati.
Instead, billions of un- taxed investment profits are beginning to pour into high- end apartment buildings and hotels, storage facilities that employ only a handful of workers, and student hous- ing in bustling college towns, among other projects.
NEW ORLEANS — Pres- ident Trump has portrayed America’s cities as waste- lands, ravaged by crime and homelessness, infested by rats.
But the Trump adminis- tration’s signature plan to lift them — a multibillion-dollar tax break that is supposed to help low-income areas — has fueled a wave of develop- ments financed by and built for the wealthiest Americans. Among the early beneficiar- ies of the tax incentive are billionaire financiers like Leon Cooperman and business magnates like Sid- ney Kohl — and Trump’s family members and advis- ers.
Former Gov. Chris Christie of New Jersey; Richard LeFrak, a New York real estate titan who is close to the president; An- thony Scaramucci, a for- mer White House aide who recently had a falling out with Trump; and the family of Jared Kushner, Trump’s son-in-law and
Work on a parking garage next to the Preston, a luxury apart- ment development in a new opportunity zone in Houston.
Donald Trump had some harsh words for his former aide Omarosa Manigault Newman in a series of scornful tweets on Saturday morning (Aug. 31).
Calling out former White House staffers for “violat- ing their confidentiality agreements,” the 45th pres- ident of the United States lashed out at “disgusting and foul-mouthed” Omarosa.
“Yes, I am currently suing various people for vi-
olating their confidentiality agreements,” Trump tweeted. “Disgusting and foul mouthed Omarosa is one. I gave her every break, despite the fact that she was despised by everyone, and she went for some cheap money from a book. Nu- merous others also!”
For those who are not aware, Trump is referring to Omarosa’s tell-all book, Unhinged: An Insider's Ac- count of the Trump White House, released in August 2018.
Ohio Homeowner Fatally Shot Two Black Teenagers For Allegedly Trespassing
Two Dayton, Ohio teenagers were shot and killed by a homeowner who thought they were trespass- ing on his property.
On Wednesday, a man who has not been identified, called 911 around 9:30 p.m. to report he shot two people who were in or near his garage:
The victims have been identified as Devon Hen- derson, 17, and Javier Harrison, 17.
The 911 caller, who spoke with a heavy accent, told cops the boys were trying to “rob” and “do something” to his house. It’s unclear what the teen’s motives were for being there.
“What did you do, did you chase them?” the dispatcher asks. “You shot them?”
“Yes,” he says. “They are in
Devon Henderson and Javier Harrison
the garage.”
“You shot them with a
gun... are they dead?” the dis- patcher probed.
“They are on the floor,” he replied.
The homeowner was t a k e n into custody for ques- tioning.
Harrison’s father spoke to News Center 7 suggesting the homeowner should have instead called police before firing.
“It wasn’t in your house, it was in your garage,” said Jimmy Harrison. “That’s like 10 feet away from your house, you know so that means you’re seeing some person out there at your garage, you know, so my first instinct is to call the police.”
WDTN reports a car was towed from the scene, but au- thorities could not immedi- ately say how and if the car was connected to the slaying.
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