Sweetheart Deal For Real Estate Moguls
One shady part of the new 2 trillion dollar stimulus package has been identified by the New York Times. Super wealthy real estate investors get a huge tax write-off that saves them wheel barrows full of loot.
“Senate Republicans inserted an easy-to-overlook provision on page 203 of the 880-page bill that would permit wealthy investors to use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market. The estimated cost of the change over 10 years is $170 billion.”
Guess who will be BIG beneficiaries of this porky perk for those who least deserve it. That’s right Dumpster Fire Don and Slumlord Jared.
When do we put a stop to this type of thievery, in its myriad forms, by the gilded con men?