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Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets

Published on February 21, 2019 by New York Times
Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets

Distressed America is Wall Street’s hottest new investment vehicle.

Hedge funds, investment banks and money managers are trying to raise tens of billions of dollars this year for so-called opportunity funds, a creation of President Trump’s 2017 tax package meant to steer money to poor areas by offering potentially large tax breaks.

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