Juan Gonzalez: Big Banks Making a Bundle On New Construction as Schools Bear the Cost
Democracy Now
"Wealthy investors and major banks have been making windfall profits by using a little-known federal tax break to finance new charter-school construction," Democracy Now! co-host Juan Gonzalez write in the New York Daily News. "The program, the New Markets Tax Credit, is so lucrative that a lender who uses it can almost double his money in seven years."
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