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Jared Kushner’s family is exploiting a Trump tax break intended to help poor neighborhoods

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The family of Trump son-in-law Jared Kushner is taking advantage of a tax break in the 2017 Trump tax cut that was designed to spur investment in low-income communities.

Bloomberg reports that Kushner Companies has been benefiting from a change in U.S. tax law that designates certain economically distressed areas as “opportunity zones” for investors and developers.

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But Pier Village — the New Jersey-based “opportunity zone” where the Kushners are developing property — is not particularly economically distressed, and Kushner’s family is not building affordable housing for low-income residents.

“Pier Village promotes itself as a ‘jewel on the New Jersey coast,'” Bloomberg writes. “At a shoreline property built by Extell Development Co. in partnership with Kushner Cos., 786-square-foot one-bedroom apartments are being marketed for as much as $2,765 a month. At an adjacent development site, Kushner Cos. is constructing a 72-room luxury hotel.”

Under the new tax law, Kushner Cos. can avoid paying capital gains taxes altogether on profits from these projects as long as they own them for at least ten years.

Since Pier Village was designated as an “opportunity zone,” the Kushners have scooped up multiple properties that will help them score tax breaks under the law, including a 24-room Bungalow Hotel that cost $9 million and two single-family homes that together cost more than $4 million.

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Read Bloomberg’s whole report here.


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Trump Jr. and McGahn didn’t testify before the Mueller grand jury — and a federal judge wants to know why

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During the Russia investigation, former special counsel Robert Mueller sought testimony from a long list of people. But according to a court filing on Sunday, two people who Mueller did not force to testify before a grand jury were Donald Trump Jr. and former White House Counsel Don McGahn. And U.S. District Judge Beryl Howell wants to know why.

The court filing on Sunday, according to The Week, was in response to a ruling Howell made on Thursday — when Howell asserted that the U.S. Department of Justice (DOJ) was withholding too much information from the House Judiciary Committee, chaired by Rep. Jerry Nadler of New York. The House Judiciary Committee, The Week’s Peter Weber reports, has been “wrangling” with DOJ over the evidence that Mueller obtained during his lengthy investigation.

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Internet rains hell on Trump for comparing his impeachment to a ‘lynching’: ‘How dare you’

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On Tuesday, President Donald Trump furiously took time Twitter, blasting the effort to impeach him over the Ukraine scandal as a "lynching" and threatening that a future Republican Congress will cook up charges against a Democratic president.

Trump's outburst did not impress many commenters on social media, who quickly dogpiled him in criticism and mockery:

You are seriously comparing your impeachment to hate crimes against African-Americans?

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Corrupt Ukraine oligarch has enlisted Trump allies to help with defense

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A Ukrainian oligarch fighting extradition to the U.S. has aligned his legal strategy to match President Donald Trump's, and even hired two attorneys associated with the president and Rudy Giuliani.

Dmytro Firtash is wanted in the United States on bribery and related charges, and he hired pro-Trump attorneys Joseph DiGenova and Victoria Toensing to help paint his prosecution as part of a global conspiracy involving Joe Biden, reported the Wall Street Journal.

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