Legislation

Controversial Trump tax break under investigation by Treasury watchdog

The program, created by the 2017 GOP tax bill, allows investors to defer taxes on capital gains if they’re reinvested in a real estate project or business located in one of nearly 9,000 qualified census tracts. Any capital gains from those investments will be untaxed if they’re held for more than 10 years, a tax giveaway worth $7.7 billion through 2022, according to the Joint Committee on Taxation.


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