Kushner Pocketing Nearly $50 Million Thanks To Tax Breaks He And Ivanka Championed
Jared Kushner is receiving harsh criticism after cashing in on nearly $50 million thanks to the tax breaks he pushed, according to recent reports.
The Associated Press reported on Thursday that Kushner is selling his stake in a company that invested in Opportunity Zones that offered the tax breaks he pushed.
“A filing at the Office of Government Ethics released Monday shows that Kushner received permission to defer capital gains taxes on the sale of his stake in Cadre, a digital platform for smaller investors in commercial properties,” the AP reports. “Kushner’s holding in the private Cadre was worth between $25 million and $50 million, according to a financial disclosure report he filed with federal ethics officials last year.”
The AP noted that both Kushner and Ivanka Trump pushed for the Opportunity Zone tax breaks to be included in President Trump’s 2017 tax overhaul.
You can read the full report HERE.