Kushner rakes in $25 to 50 million using tax breaks he lobbied for

Kushner rakes in $25 to 50 million using tax breaks he lobbied for

Jared Kushner has sold his stake in a company that benefited from Opportunity Zone tax breaks he lobbied for, expected to bring him nearly $25-50M. Kushner, in 2017, declared his stake in Cadre, a digital platform for smaller investors in commercial properties, was worth $5M. The Opportunity Zone tax breaks offered capital gains tax breaks to companies that invested in poor neighborhoods.

pennydreadful
pennydreadful
Spartan Life
Spartan Life 3 months

No one makes money off of tax breaks. All you do is save money. If someone told you that they made 45 grand last year couponing you would say they where confused about how coupons work. Yet this nonsense about people making money by not paying taxes is just accepted as a fact for some reason. To be clear I’m aware that they are saying the profit is from selling assets, but that’s still unimportant as the increase in value from those assets is the result of a reasonable justified tax break.

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