Watchdog group urges probe of Ivanka Trump's role in a tax break program

Watchdog group urges probe of Ivanka Trump’s role in a tax break program
Politics Jan 4, 2019 3:24 PM EST


WASHINGTON — An ethics watchdog group asked the Justice Department on Friday to investigate whether President Donald Trump’s daughter Ivanka violated federal conflict-of-interest law by promoting an Opportunity Zone tax break program from which she could potentially benefit.

The complaint from the Citizens for Responsibility and Ethics in Washington follows an Associated Press investigation last month. The AP found that Trump and her husband Jared Kushner, both White House advisers, could benefit from the Opportunity Zones program they pushed that offers tax breaks to developers who invest in downtrodden communities.

AP reported Kushner owns a $25 million to $50 million non-management stake in Cadre, a real estate investment firm which has announced plans to invest in several cities under the Opportunity Zones program. Separately, the couple has interests in at least 13 properties held by Kushner’s family firm that may qualify for the tax breaks because they are in Opportunity Zones in New Jersey, New York and Maryland.

The CREW complaint says that, under federal law, Kushner’s financial interests are considered of value to Ivanka Trump as well.

In a 12-page letter sent to Deputy Attorney General Rod Rosenstein, CREW Executive Director Noah Bookbinder said that as a result of the 2017 decision by Ivanka Trump and Kushner to “retain a sprawling portfolio of investments after entering government,” the couple “assumed responsibility for exercising due diligence to avoid participating in any particular matter that directly and predictably affects the interests of the companies they retained.”

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