Live Breaking News & Updates on Laffer Response

so the opportunity zones will allow cities like detroit to qualify for additional exemptions relative to the first nine. right now in the first nine you can deduct purchases if you re a business. you can deduct capital expenditures and net exports. but for those cities that qualify as opportunity zones, you will also be able to deduct a certain amount of your payroll expenses. so you will be insented to put people to work. the other thing about the opportunity zone, is that it just doesn t apply to certain kinds of businesses located in the zone, all businesses would qualify for those kinds of extra exemptions. one of things i believe in is empowering cities to help themselves, empowering workers and individuals to help themselves. this is not an entitlement program. so the cities will have to step up and remove some of the barriers that are within their city limits. so that if the cities do what they can do to help themselves, we will have the 9-9-9 legislation so stru ....

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