Will Opportunity Zones help low-income communities? Only time will tell
“The Tax Cut and Jobs Act of 2017 is the defining economic law passed by the Trump administration.
Fred McKinney, Business Professor, Quinnipiac University
Most of the attention and focus of the law has been on cuts in corporate taxes and taxes on high-income individuals. Some would argue that the law cuts taxes for every taxpayer, but the nonpartisan Tax Policy Center estimates that taxpayers with over $733,000 in income can expect a $50,000 reduction in their taxes”