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• When Rick Scott was governor of Florida, he was given a blank check by the Trump Administration to create so-called “opportunity zones” anywhere he chose, where developers wouldn’t have to pay millions in federal taxes. The money was supposed go to “needy areas” for development and jobs. Who did Rick Scott give it to? Billionaire developers, sports team owners, donors to his political campaigns. The opportunity zones were pitched as the prime anti-poverty measure of Trump’s signature Tax Cuts and Jobs Act of 2017. But the law has no public reporting requirements. In the new zones, investors don’t have to pay capital gains taxes up front and any appreciation they accrue is tax-free after a decade. That one is the … Read More »
• In recent weeks, President Trump has again floated the idea of drilling in U.S. coastal waters in search of oil. It’s come up before. This oil lobbyists’ dream scheme was kicked around in 2017, but former Gov. Rick Scott assured us Florida’s coastline was safe, saying then-interior secretary Ryan Zinke had assured him that we would not be included in White House drilling plans. However, that assurance was never made official. Now we have a new governor, and a new interior secretary, and they’re singing the same old song. Just last week, the oil lobby sharks began circling again. But Gov. Ron DeSantis downplayed concerns Monday, saying interior Sec. David Bernhardt promised him Florida was off the hook. There’s an … Read More »
• Republicans in Florida’s closely watched races for Governor and Senate claimed victory last night. But those narrow wins for gubernatorial candidate Ron DeSantis and Senate Candidate Rick Scott, could be headed for a recount. Read More »