💰 Financial Record

payment

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Transaction Details

Amount

USD $100,000,000.0

Payer (From)

Potential Investors Linked to Potential investors

Payee (To)

Flachsbart's nonprofit projects Linked to Flachsbart's nonprofit projects

Description

10 potential projects needing more than $100 million in equity investment.

Additional Details

Date string: Current (at time of writing)

Amount string: 100000000

Source document: HOUSE_OVERSIGHT_016416.jpg

📄 Source Document

HOUSE_OVERSIGHT_016416.jpg

ESTATE Collection

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Document Summary

This document appears to be a page from a Bloomberg article included in House Oversight Committee files. It discusses 'Opportunity Zones' created by the 2017 Tax Cuts and Jobs Act, featuring a presentation by Alex Flachsbart in Athens, Alabama. The text highlights criticisms that the tax breaks benefit wealthy investors for projects they would have pursued regardless, citing examples involving Anthony Scaramucci in Oakland and Under Armour founder Kevin Plank in Baltimore.

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