IRS Proposal May Bar Startups From Opportunity Zones

The video discusses a $100 billion investment proposal by Treasury Secretary Steven Mnuchin aimed at distressed areas. The proposal includes tax incentives for investing in low-income zones but poses challenges for startups due to a requirement that businesses generate half their income within the zone. Steve Case supports the initiative but highlights the difficulty for high-growth businesses. The rules are still in the proposal stage, with feedback being collected. The video also covers investor reactions and concerns about the feasibility of these incentives.

What feedback is the Treasury seeking regarding the proposed rules?

What is the general sentiment among investors regarding the new tax incentives?