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Opportunity Zones

All articles tagged with #opportunity zones

politics26 days ago•41 min saved

Bipartisan push to strip data centers of federal tax breaks gains momentum

House Democrats introduced legislation on September 16 to block data centers from accessing federal tax incentives, specifically bonus depreciation and Opportunity Zone benefits. The move targets provisions expanded in the 2025 Republican tax package, aiming to curb public backlash over AI infrastructure costs. Simultaneously, Senator Josh Hawley (R-Mo.) announced plans to introduce a bill excluding data centers from Opportunity Zones, marking a rare bipartisan effort to restrict these incentives despite previous Republican support for the program.

via politico.com|

#ai-regulation #congress #data-centers

politics1 month ago•8 min saved

Democrats weaponize data-center tax breaks in midterm messaging

Democrats are weaponizing Republicans’ meg bill tax breaks for data centers—chiefly via the Opportunity Zones credit—to frame GOP policy as fueling local backlash ahead of the midterms, while Republicans defend the credits as broad and not limited to data centers; the dispute ties into national-security and AI regulation debates, with Sanders and Casar proposing a pause on advanced AI and a ban on superintelligence until oversight is in place. The political backdrop includes a shortened House pre-election session, Trump’s plan to campaign for dozens of Republicans, and Third Way unveiling a 20-point centrist platform for 2028.

via Politico|

#ai-policy #data-centers #midterms

politics1 month ago•9 min saved

Democrats weaponize Opportunity Zones to pressure GOP on data centers

Democrats are reframing the data-center boom as a byproduct of Opportunity Zone tax credits championed by Republicans, arguing the GOP’s 2025 tax package turbocharged data-center growth. Republicans counter that Opportunity Zones are broad incentives, not tied to any single industry. The clash fuels midterm messaging amid local backlash over energy costs and community impact, with figures like Wyden pushing to ban data centers from OZ benefits while GOP leaders defend the program’s broader goals.

via Politico|

#data-centers #midterms #opportunity-zones

politics7 months ago•4 min saved

Trump Uses Black History Month Event to Highlight Perceived Minority Gains

At a White House Black History Month ceremony, Trump invited Black supporters to defend his record, touting perceived minority gains and policies like opportunity zones, while paying respects to the late Rev. Jesse Jackson; the event showcased his effort to frame his presidency as beneficial to Black Americans even as national support among Black voters has cooled.

via The Washington Post|

#black-history-month #jesse-jackson #minority-gains

politics1 year ago•1 min saved

Trump Appoints Ex-NFL Star Scott Turner as HUD Secretary

President-elect Donald Trump has nominated former NFL player Scott Turner as the Secretary of Housing and Urban Development (HUD). Turner, who previously served as the Executive Director of the White House Opportunity and Revitalization Council, is recognized for his role in driving economic development through Opportunity Zones. He expressed gratitude for the nomination and aims to continue the work started in the previous administration, emphasizing support for communities overlooked during the Biden administration.

via The Daily Wire|

#ben-carson #hud #opportunity-zones

politics1 year ago•0 min saved

Ex-Trump Official Scott Turner Nominated as HUD Secretary

President-elect Donald Trump has appointed Scott Turner as the new Secretary of the Department of Housing and Urban Development. Turner, who previously served as executive director of the White House Opportunity and Revitalization Council, will take on the role amid a national housing crisis. Under his leadership, opportunity zones attracted over $50 billion in private investment. Turner also has experience as a former professional football player and Texas state legislator.

via The Washington Post|

#housing-crisis #hud #opportunity-zones