Banking on the poor
Subtitle: how corporate America exploits struggling communites to collect new markets tax credits
By: a report from Sen. Tom Coburn, M.D.
Publisher: [Sen. Tom Coburn]
Published: 2014
Place of publication: Washington, D.C.]
Language: eng
Number of pages: 42
Subjects: Community development; Capital investments; Tax credits
Description: "This report, Banking on the Poor, exposes how the NMTC is just another tax code giveaway with little available evidence to demonstrate its effectiveness or compare its impact to the numerous other federal initiatives with similar goals. This tax credit intended to benefit the poor is instead lining the pockets of the well-off, such as big banks and other private investors that claim more than $1 billion in NMTC annually"--Page ii.
Notes: "August 2014."

Includes bibliographical references (pages 32-42).

Also available on the Internet from the Senate web site. Address as of 11/20/14: http://coburn.senate.gov/public//index.cfm?a=Files.Serve&File_id=ffca52da-fecf-4752-b0a6-b80bef464555; current access via LC handle.
Table of contents: title: Introduction; title: History and general background; title: Cost and current status; title: New markets, same old waste; title: Corporate welfare: banking on the poor; title: Duplication and double dipping; title: Evaluating the new markets tax credits; title: Recommendations and options for reform; title: Appendix I; title: Appendix II; title: Endnotes.