Rep. Erik Paulsen: How tax reform brings opportunity to poor neighborhoods
America’s new economy is finally taking off. In January 2017, prior to tax reform and regulatory reforms, the Congressional Budget Office projected only 1.9 percent growth for 2018. CBO now projects 3.3 percent growth for 2018, the highest annual growth rate since 2005
Read moreThe Promise of Opportunity Zones
TESTIMONY BEFORE THE JOINT ECONOMIC COMMITTEE OF THE UNITED STATES CONGRESS JOHN W. LETTIERI, CO-FOUNDER AND PRESIDENT, ECONOMIC INNOVATION GROUP “The Promise of Opportunity Zones” May 17, 2018 Introduction Chairman Paulsen, Ranking Member Heinrich, and members of the committee: it is a pleasure to be with you today. I am the Co-founder and President of the…
Read moreIRS Releases Opportunity Fund Certification Update
Yesterday, the IRS provided new clarity on the process for obtaining Opportunity Fund certification: To become a Qualified Opportunity Fund, an eligible taxpayer self certifies. (Thus, no approval or action by the IRS is required.) To self-certify, a taxpayer merely completes a form (which will be released in the summer of 2018) and attaches that…
Read moreGov. Reynolds, Lt. Gov. Gregg announce nominations for Iowa Opportunity Zones
Gov. Kim Reynolds and Lt. Gov. Adam Gregg, along with the Iowa Economic Development Authority (IEDA), announced the 62 Iowa census tract nominations for Opportunity Zones designation on Friday. … Press Release, Gov. Kim Reynolds Read the full article here.
Read moreRubio and Scott: New federal tax law will help Miami’s low-income working families
The new tax law has two provisions that will particularly empower working families. … Staff, Miami-Herald Read the full article here.
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