Will opportunity zone tax breaks help low-income areas?
Clip: 6/16/2019 | 9m 42s
Will ‘opportunity zone’ tax breaks help low-income communities?
The 2017 tax law created more than 8,700 “opportunity zones” around the country, where investors receive tax breaks in exchange for putting money in designated, low-income areas. It’s an approach that, according to its supporters, will spur economic development. But critics say it may not do much for the residents it was designed to help. Hari Sreenivasan reports from Tempe, Arizona.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Will opportunity zone tax breaks help low-income areas?
Clip: 6/16/2019 | 9m 42s
The 2017 tax law created more than 8,700 “opportunity zones” around the country, where investors receive tax breaks in exchange for putting money in designated, low-income areas. It’s an approach that, according to its supporters, will spur economic development. But critics say it may not do much for the residents it was designed to help. Hari Sreenivasan reports from Tempe, Arizona.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...