Businesses must have an incentive to invest in low-income communities.
Sen. Tim Scott authored a bill that would provide such an incentive:
I talked w/@WRDW_WAGT on my Investing in Opportunity Act, an innovative new way to help distressed communities #IIOAhttps://t.co/IPDFocktdF
— Tim Scott (@SenatorTimScott) May 9, 2016
A measure that would allow businesses and individuals to defer capital gains taxes and put the money toward low-income communities sounds like a win-win for all involved.
Wonderful idea, however, when you let local terrorist burn and destroy privately owned businesses and national chains while the police stand and watch after being ordered to not stop it, no one in their right mind is going to open a business in that area. So make a choice, build small business and invest in local growth and enforce the law or don’t waste my tax money.