Lawmakers Can Help Usher in a Golden Age by Extending the Opportunity Zones Program

Originally published by The Hill

With the passage of the House reconciliation bill, the majority party is working on sending one “big, beautiful bill” to the Oval Office. While Medicare debates dominated the budget conversation, President Trump’s “number one economic development project ever in our country,” Opportunity Zones, is uniting lawmakers across the aisle.

One of the administration’s key achievements was a first-of-its-kind tax incentive designed to uplift the nation’s most vulnerable communities. Known as the Opportunity Zones tax incentive, the federal program gave working-class Americans a chance to benefit from a growing economy — many of whom had been overlooked during the 2008 financial crisis.

Opportunity Zones leverage capital gains that otherwise would remain on the sidelines in investors’ portfolios, deploying those gains into low-income neighborhoods desperate for capital to come — and stay — in their communities. If investors keep their funds in these communities for 10 years, the gains are tax-free, a win-win for investors and residents of low-income neighborhoods.

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