You are here

gulf-opportunity-zone

Bush's Gulf Opportunity Zone doubted

From Chances slim for Bush's proposed 'opportunity zones':

...Meanwhile, a new concept of opportunity zones has emerged. After Hurricane Katrina, Bush proposed creating a Gulf Opportunity Zone that would qualify for about $2 billion in tax breaks. That idea has gotten plenty of attention on Capitol Hill lately.
[Stephanie] Tubbs Jones said she now fears the administration will push for opportunity zones solely in the Gulf region, and devote little political muscle to getting Congress to set up such zones in areas like Greater Cleveland that have suffered long-term job losses.
"My guess is that he's not going to try to do both," said Tubbs Jones, adding that she hopes she's wrong.
Others also are skeptical - both that Bush will push hard for it, and that Congress will show much enthusiasm for it...

Subscribe to RSS - gulf-opportunity-zone