Community Investing: How Tax Credits Bring Dollars from Capitol Hill to Main Street

December 6, 2005

In December 2000, the Community Renewal and New Markets Act passed Congress with bipartisan support.  Both Democrats and Republicans lauded the Act as aid to poor and distressed communities.  Shortly before leaving office, President Clinton, joined by Speaker of the House, Dennis Hastert, and 16 Democratic and Republican lawmakers, championed the agreement in a ceremony to unveil the initiative. Clinton asserted that it would “allow us to...read more...