The Associated Press reports:
President Donald Trump’s son-in-law and adviser Jared Kushner has sold his stake in a company investing in Opportunity Zone projects offering tax breaks he had pushed for in Washington, sparking criticism that he was benefiting from his White House role.
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.
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.
Holy crap. Three years ago Kushner’s stake in Cadre was worth $5 million. He just sold it for $25-50 million after it benefitted from Opportunity Zone tax breaks that Kushner pushed for. https://t.co/5CErHUhfap
— Mark Elliott (@markmobility) March 3, 2020
Why is Kushner only now divesting from Cadre, a real estate crowdfunding platform? Could it have anything to do with the fact that his stake in the company has increased from between $5-25 million to $25-$50 million in value? Or the tax breaks he’ll get?https://t.co/UCLVrBYKCk
— Citizens for Ethics (@CREWcrew) March 5, 2020
Jared Kushner made $45 million by changing policy for opportunity zones in areas where he owned property, and Ivanka got patents with China while daddy threatened a trade war, but Hunter Biden legally got a job in Ukraine, based on family fame so his dad shouldn’t be president.
— Ms. Krassenstein (@HKrassenstein) March 5, 2020
CORRUPT AF: Two days before Trump reiterated his concern over Hunter Biden, the AP reported that Jared Kushner made up to $45 million in the sale of a company that benefited directly from the Trump tax cuts.https://t.co/LvfMUepHwg
— Democratic Coalition (@TheDemCoalition) March 5, 2020