Tesla CEO Elon Musk and the chapter Amazon Jeff Bezos wanted tax breaks designed to help the poor, writes Bloomberg .
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Their company properties have been included in the “Skill Zones”. According to the plan of the current US President Donald Trump , tax breaks can be given to attract investment and job creation in disadvantaged areas.
Two of the richest people in the world have already received local benefits, and now they are asking for federal ones. They will allow them to avoid paying capital gains taxes on the money they spend on investments. Some experts argue that the program did less benefit to poor areas than expected. Instead, billionaires receive tax breaks.
“It would be a gross abuse to subsidize billionaires to go out into space when there are people on Earth who are struggling with real problems,” said community development expert Brett Theodos. He also pointed out the opacity of the program.
However, since billionaire companies have the potential to create hundreds of new jobs, officials welcome any federal incentives that could foster such growth.
Earlier it became known that raising taxes will become a direct priority of the economic policy of the elected President of the United States Joseph Biden . He intends to raise the corporate tax from 21 to 28 percent.