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1/ We have reported story after story about “Opportunity Zone” tax breaks going to white millionaires and billionaires.

Today, Trump cited them as an example of him doing "more for the Black community than any president.”

Let’s go through some key instances...
2/ Opportunity zones were meant to draw investment to lower-income areas, but wealthy GOP donors Wayne Huizenga Jr. and Jeff Vinik successfully lobbied for a break for a superyacht marina in Florida:

propublica.org/article/supery…
3/ Cleveland Cavaliers owner and Quicken founder Dan Gilbert, whose company donated $750K to Trump's inaugural fund, scored opportunity zone status for wealthy parts of Detroit where he owns billions in property:

propublica.org/article/how-a-…
4/ In Baltimore, Under Armour CEO Kevin Plank got a huge tax break — at the expense of the city's poorer neighborhoods — for a plot of land under a highway but near a development project he owns:

propublica.org/article/trump-…
5/ The billionaire Republican governor of West Virginia, Jim Justice, (Who gets to decide where opportunity zones go in his state) awarded himself one for his own resort.

propublica.org/article/west-v…
6/ The relevant section of that story:
7/ Last October, @nytimes reported that Treasury Secretary Steve Mnuchin had personally intervened to designate a Nevada opportunity zone that benefited junk bond king Michael Milken, the man who inspired “Wall Street”’s Gordon Gekko:

nytimes.com/2019/10/26/bus…
8/ The Treasury Department's Office of the Inspector General said in February that it was investigating alleged manipulation of opportunity zones, but has not yet released its findings:

propublica.org/article/treasu…
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