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White House News: Executive Order on Establishing the White House Opportunity and Revitalization Council - Whitehouse.gov

ESTABLISHING THE WHITE HOUSE OPPORTUNITY AND REVITALIZATION COUNCIL
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:

Section 1.  Purpose.  Fifty-two million Americans live in economically distressed communities.  Despite the growing national economy, these communities are plagued by high poverty levels, failing schools, and a scarcity of jobs.  In December 2017, I signed into law a bill originally introduced as the Tax Cuts and Jobs Act (Act), which established a historic new Federal tax incentive that promotes long-term equity investments in low-income communities designated as “qualified opportunity zones” by the Governors of States or territories.  In order to furt...


Source:www.whitehouse.gov



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