Shutdown firings hinder economic development in Trump’s ‘One Big Beautiful Bill’

President Donald Trump’s mass firings of federal workers during the second-longest government shutdown in U.S. history could hamper implementation of two tax incentives made permanent in his massive tax-cut and spending bill meant to boost investment in low-income communities.
The administration said in a court filing that more than 1,400 Treasury Department employees were fired. Those firings were put on a temporary hold by a federal judge, but according to two people briefed on the plan, they target about 95 staff members of the Community Development Financial Institutions
Fund, which spearheads economic development programs within the department.
The fund’s staff works on two tax provisions made permanent by Republican legislation this year, administering the New Markets Tax Credits and helping the Internal Revenue Service establish the Opportunity Zones program.