Real Estate/ construction
promote primary 6/18 on pic tax cut sunsidy, trump pays no tax, homeless, housing bust...
no notes 3/16 ?!
see covid bailout bill subsidies
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https://www.alternet.org/2020/05/giant-real-estate-companies-are-receiving-covid-19-relief-funds-that-werent-meant-for-them-thanks-to-loophole-in-governments-emergency-spending-program/
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IRS punish blue, also will send migrant prisoners to sanct city/state, we say yes pls
https://www.alternet.org/2019/04/trump-and-republicans-weaponized-the-tax-code-to-punish-blue-states-cnn-analyst/
On Monday’s edition of CNN’s “New Day,” political analyst John Avlon laid bare the way that President Donald Trump and the GOP have politicized the federal tax code.
“Whether you see your taxes go up or down will depend on whether you live in a red state or blue state, and that’s by design,” said Avlon. “First, a little history. December 22nd, 2017, that’s when President Trump’s tax plan was signed into law. Kind of a Christmas gift to corporations and red state residents. Passed entirely along party lines … it slashed the amount of state and local taxes you could deduct to $10,000, it limited the mortgage interest deduction and that’s where the representation of the tax code became evident.”
“According to data from H&R block, among states where refunds went up this year the top ten are all red states,” said Avlon. “Among states where tax refunds went down, you guessed it, the top ten are all blue states. Notice a pattern?”
“It’s no surprise in areas where most Americans live, it costs more to buy a house, and guess who is more likely to need a mortgage, again, red states deduct while new states are stuck,” Avlon continued. “This has become known as the blue state triple whammie because Trump’s tax code has made it more expensive to buy a home, more expensive to own a home and harder to sell your home.”
“But guess who does even better under Trump’s tax code, Trump’s own commercial real estate industry, the same industry which Jared Kushner’s company bought a white elephant of a building at a record price right before the market crashed and is still worth around $3 million and paid little or no federal income taxes or at least seven years,” Avlon added.
“President Nixon said never make taxation popular, but we can make it fair,” said Avlon. “With the politically weaponized tax code that punishes blue states, President Trump seems to have failed at both and that’s your reality check.”
Watch below:
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https://boingboing.net/2017/12/28/corrections-corporation-of-ame.html
see guard uk link
The new GOP tax plan slashes the taxes on real estate investment trusts (REITS) by a quarter, dropping the rate from 39.6% down to 29.6% -- a move that will put tens of millions of dollars in the pockets of investors in America's notorious private prisons.
Companies like Corecivic (formerly Corrections Corporation of America/CCA) and Geo Group are structured as REITS, a tax-dodge that has already made the companies millions -- Corecivic was able to lower its effective tax rate from 36% to 3% by restructuring as a REIT, and now that rate is going down by 25%.
The Trump administration reversed the Obama ban on the use of private prison contractors, and has also stepped up the use of private prisons to detain migrants awaiting immigration hearings.
Oregon Democratic senator Ron Wyden, a ranking member on the finance committee, has called the use of the reit structure by prisons “unfair” and “unjust”. In 2016, after being pressed by Enlace, he introduced legislation to end such practices. The bill was reintroduced this year but it has yet to make it out of committee and is not likely to do so any time soon.
A CoreCivic representative told the Guardian that, in their view, “there are far more pressing matters for Congress to pursue” than the reit tax classifications. The Geo Group added they are “treated exactly the same as other real estate investment trusts without any special tax treatments or loopholes.” The point that activists make, though, is that treating prisons as real estate is a loophole.
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https://petitions.moveon.org/sign/no-tax-breaks-for-private 2013?
The Joint Committee on Taxation must end tax breaks for private prisons by revoking private prisons’ REIT Status.
In 2013, GEO and CCA received Real Estate Investment Trust (REIT) status, which creates a loophole for them and their investors to make billions in profit from incarcerating people of color and immigrants TAX-FREE! In the first year of their REIT status, CCA and GEO received almost $100 million in tax breaks. That $100 million should be reinvested in our communities, not sent to corporate prison CEOs and prison industry shareholders.
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rent bubble?
http://www.newsweek.com/real-estate-moguls-bankrolled-trump-victory-are-donating-big-his-reelection-798275
no link
Real estate moguls who helped bankroll Donald Trump’s victory in the 2016 presidential election have contributed more than one-fifth of the money he has raised in a fund since the inauguration, according to a report.
Related: Trump Is ‘Definitely Still Involved’ in His Hotel Business, Employee Says
Donations from New York, Los Angeles and south Florida real estate interests accounted for at least 21 percent of the $16.4 million raised last year for the Trump Victory fund. A joint committee of the Trump campaign and the GOP, the fund allows individuals to give close to $450,000, The Real Deal reported on Thursday.
Some top donors to the fund had given generously during the 2016 election and Trump’s inauguration.
The biggest spender in 2017 was Stephen Schwarzman, CEO of the New York City-based Blackstone Group, who donated $344,400 to the fund after contributing $250,000 to Trump’s inaugural committee. Joseph Cayre of Midtown Equities and Bennett LeBow of Vector Group, both from New York, donated $170,000 and $135,000, respectively. Florida-based Nicholas Mastroianni, who founded a EB-5 visa fundraising group, contributed $150,000.
Several donors have publicly stated support for Trump’s policy priorities, particularly tax reform, which is expected to benefit the majority of commercial real estate investors.
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zillow cf trexler 900b$ worth of houses at risk 2100 6 ft sea level
http://climatographer.com/whats-new-video/
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bottom feed comm'l real estate by corps
http://www.alternet.org/economy/great-corporate-buy-because-corporations-our-cities-are-not-our-own