The Daily Outrage: Your money can help wealthy antique museums in need! 

WHO: The New Market Tax Credit program

WHAT: The program, which is designed to help poor communities, has a loophole that allowed U.S. Bancorp to receive $13.3 million in federal tax credits so that it could invest in an antique-car museum.

WHY IT'S AN OUTRAGE: The federal subsidy is a wasteful public gift to a wealthy family that can afford to finance most of the development, said a neighbor of the museum.

WHERE TO VENT: Call the Community Development Financial Institutions Fund at 202-622-8662.

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Staff Report

Staff Report

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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