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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.

Read Bloomberg’s whole report here.

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White House grants press access to Christian site whose founder called impeachment a ‘Jew coup’

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The White House granted press credentials to a Christian news site whose founder claimed that President Donald Trump's impeachment was a "Jew coup" organized by a "Jewish cabal" in anti-Semitic remarks.

Five employees of the Florida-based conservative Christian news outlet TruNews received press credentials from the White House to cover Trump's trip to the World Economic Forum in Davos, Switzerland, last week, founder Rick Wiles told The New York Times from a ski lodge reserved for press members by the Trump administration. The outlet was not granted special access to Trump, though TruNews' Edward Szall asked Ivanka Trump a question during a news conference, according to the report.

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Laura Ingraham wants to remove Adam Schiff from Congress: ‘It’s not clear that congressmen can’t be impeached’

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Fox News host Laura Ingraham floated a novel legal theory on Monday in an attempt to remove Rep. Adam Schiff (D-CA) from Congress: that members of Congress can be impeached.

"It’s not clear that congressmen can’t be impeached, by the way," Laura Ingraham told Rep. Devin Nunes (R-CA).

"It's not clear that they cannot be impeached," she repeated.

Ingraham was simply wrong on the facts, the constitution does not allow the impeachment of members of Congress.

The constitutional mechanism to remove a member of Congress before the end of their two-year term is for two-thirds of the body to vote to expel the member.

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50 million trapped after China sealed off cities as virus death toll surges

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The United States and other nations raced to get their citizens out of the locked-down Chinese city at ground-zero of a virus epidemic on Tuesday, as the death toll surged to 106 and the number of confirmed infections doubled to over 4,500.

The deadly virus, which experts believe emanated from a wild animal market in the city of Wuhan last month, has triggered a desperate Chinese containment effort after spreading nationwide and to more than a dozen other countries.

The government has sealed off Wuhan and other cities in central Hubei province, effectively trapping more than 50 million people, including thousands of foreigners, in a bid to contain the virus as the high-travel Lunar New Year holiday unfolds.

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