The poor thank Donald Trump: How a Tax Break to Help the Poor Went to NBA Owner Dan Gilbert

[Denizen]

Poor NBA owners thank Donald Trump for siphoning his tax cuts from the poor to poor NBA owners.

Donald knows how downtrodden the filthy rich are and is determined that the filthy rich will not be deprived of the fruits of Donald Trump's economy.

Note how the poor NBA owners donated their hard-earned wealth to Donald Trump as seed money to plant a nice bushy tax cut.

Wait a minute! Aren't those Donald Trump economy fruits just burgeoning debt with GDP rising ~ 2% per annum and debt accumulating at 5% of the GDP per annum?

The way to Donald Trump's heart is through his pocket.

Donald knows bankruptcy and is getting Uncle Sam accustomed to its fruits.

How a Tax Break to Help the Poor Went to NBA Owner Dan Gilbert — ProPublica

How a Tax Break to Help the Poor Went to NBA Owner Dan Gilbert

After a lobbying effort, Dan Gilbert, billionaire founder of Quicken Loans, won special tax status for wealthy areas of downtown Detroit where he owns billions worth of property.
by Jeff Ernsthausen and Justin Elliott Oct. 24, 2:10 p.m. EDT

Billionaire Dan Gilbert has spent the last decade buying up buildings in downtown Detroit, amassing nearly 100 properties and so completely dominating the area, it’s known as Gilbertville. In the last few years, Gilbert, the 57-year-old founder of Quicken Loans and owner of the Cleveland Cavaliers, has also grown close to the Trump family.
Quicken gave $750,000 to Trump’s inaugural fund. Gilbert has built a relationship with Ivanka Trump, who appeared at one of his Detroit buildings in 2017 for a panel discussion with him. And, last year, he watched the midterm election returns at the White House with President Donald Trump himself, who has called Gilbert “a great friend.”
Gilbert’s cultivation of the Trump family appears to have paid off: Three swaths of downtown Detroit were selected as opportunity zones under the Trump tax law, extending a valuable tax break to Gilbert’s real estate empire.
Gilbert’s relationship with the White House helped him win his desired tax break, an email obtained by ProPublica suggests. In February 2018, as the selection process was underway, a top Michigan economic development official asked her colleague to call Quicken’s executive vice president for government affairs about opportunity zones.
“They worked with the White House on it and want to be sure we are coordinated,” wrote the official, Christine Roeder, in an email with the subject line “Quicken.”
The exact role of the White House is not clear. But less than two weeks after the email was written, the Trump administration revised its list of census tracts that were eligible for the tax break. New to the list? One of the downtown Detroit tracts dominated by Gilbert that had not previously been included. And the area made the cut even though it did not meet the poverty requirements of the program. The Gilbert opportunity zone is one of a handful around the country that were included despite not meeting the eligibility criteria, according to an analysis by ProPublica.
Several weeks later, the Michigan governor selected all three of the downtown Gilbert tracts for the program.
Gilbert influenced the local selection process, as well, other emails obtained by ProPublica show: Quicken’s top lobbyist was so enmeshed in the process, his name appears on an opportunity zone map made by the city economic development organization, recommending part of downtown be included in the tax break. No other non-city officials are named on the document. ...

 

[depotoo]

 

[Jitss617]

Huh

 

[Muhammed]

Poor NBA owners thank Donald Trump for siphoning his tax cuts from the poor to poor NBA owners.

Donald knows how downtrodden the filthy rich are and is determined that the filthy rich will not be deprived of the fruits of Donald Trump's economy.

Note how the poor NBA owners donated their hard-earned wealth to Donald Trump as seed money to plant a nice bushy tax cut.

Wait a minute! Aren't those Donald Trump economy fruits just burgeoning debt with GDP rising ~ 2% per annum and debt accumulating at 5% of the GDP per annum?

The way to Donald Trump's heart is through his pocket.

Donald knows bankruptcy and is getting Uncle Sam accustomed to its fruits.

How a Tax Break to Help the Poor Went to NBA Owner Dan Gilbert — ProPublica

How a Tax Break to Help the Poor Went to NBA Owner Dan Gilbert

After a lobbying effort, Dan Gilbert, billionaire founder of Quicken Loans, won special tax status for wealthy areas of downtown Detroit where he owns billions worth of property.
by Jeff Ernsthausen and Justin Elliott Oct. 24, 2:10 p.m. EDT

Billionaire Dan Gilbert has spent the last decade buying up buildings in downtown Detroit, amassing nearly 100 properties and so completely dominating the area, it’s known as Gilbertville. In the last few years, Gilbert, the 57-year-old founder of Quicken Loans and owner of the Cleveland Cavaliers, has also grown close to the Trump family.
Quicken gave $750,000 to Trump’s inaugural fund. Gilbert has built a relationship with Ivanka Trump, who appeared at one of his Detroit buildings in 2017 for a panel discussion with him. And, last year, he watched the midterm election returns at the White House with President Donald Trump himself, who has called Gilbert “a great friend.”
Gilbert’s cultivation of the Trump family appears to have paid off: Three swaths of downtown Detroit were selected as opportunity zones under the Trump tax law, extending a valuable tax break to Gilbert’s real estate empire.
Gilbert’s relationship with the White House helped him win his desired tax break, an email obtained by ProPublica suggests. In February 2018, as the selection process was underway, a top Michigan economic development official asked her colleague to call Quicken’s executive vice president for government affairs about opportunity zones.
“They worked with the White House on it and want to be sure we are coordinated,” wrote the official, Christine Roeder, in an email with the subject line “Quicken.”
The exact role of the White House is not clear. But less than two weeks after the email was written, the Trump administration revised its list of census tracts that were eligible for the tax break. New to the list? One of the downtown Detroit tracts dominated by Gilbert that had not previously been included. And the area made the cut even though it did not meet the poverty requirements of the program. The Gilbert opportunity zone is one of a handful around the country that were included despite not meeting the eligibility criteria, according to an analysis by ProPublica.
Several weeks later, the Michigan governor selected all three of the downtown Gilbert tracts for the program.
Gilbert influenced the local selection process, as well, other emails obtained by ProPublica show: Quicken’s top lobbyist was so enmeshed in the process, his name appears on an opportunity zone map made by the city economic development organization, recommending part of downtown be included in the tax break. No other non-city officials are named on the document. ...

^^^
Proof that TDS is a horrible mental illness.