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Ivanka Trump and Jared Kushner Could Profit From Tax Break Program They Pushed: Report

After a real estate investment firm they reportedly have a stake in announced they would be taking advantage of the Opportunity Zone program.

White House senior advisers Ivanka Trump and Jared Kushner could reportedly benefit financially from a program they championed that provides “massive tax breaks to developers who invest in downtrodden American areas.” According to the Associated Press, Trump and Kushner own a “major stake” in Cadre, a real estate investment firm that recently announced it was going to launch several funds to “take advantage” of the tax breaks, called the Opportunity Zone program. The couple also reportedly owns interests in at least 13 properties of Kushner’s family real estate firm that qualify for the Opportunity Zone program, because they are located in designated “downtrodden” areas in New Jersey, New York, and Maryland. The AP reports there is “no evidence” that Trump and Kushner had a hand in selecting which areas the Opportunity Zone program would benefit, but government watchdogs say the situation highlights ethics issues that have resulted from the couple failing to divest from their real estate investments.