Annotating Trump’s National Security Strategy, Higher Education in the Midwest, and More

A conservation deduction tax loophole, our experts respond to the National Security Strategy, and the role of research institutions in Rust Belt revival. View this email in your browser [here](V6NPcx10fBF1W7Fwk_j7dF_7t0/*VRrXWY4tNHqcW6NY2fD1gLN1p0/5/f18dQhb0S1Xp2MlylXV1vjjJ5FfW_FW1mhCd87HCgY5W3F905H5wgRw2W1g7vZk7Jrmh3W29jHPw7tlKqtW8mtqBv5t2dbBW78WSrq2VmX91W6gvnkp8Jt_YjW159Qs91d9c15W4k5PDR2-qGdWW4h80DN1vLqRGW1jkVQ_2T9r8fW570vxM6TQhLGW6GGznG2Wpm_bVlycRp8llNKRW3xwkgt1CSvZhW7Bvpl11cy_LFN6mkJ_TypFl5F2YDnWHMtHzVV-zH_6vlFtnVqkySt4rRCl9W1D8mZX39_p0zW90jXKh3_HNpHW7tFqtb7lw0JrW6SRNSx7pqcZkW1F1dkg5d0Jc6W6hqR_46HkyVSW730DLK8lwJBjW1VP3nj9gt8Y_W1TsRSR2rlbkYW7XM_6g6-P0yvW5C7QHd22VGgVW6nXfm811VkBgW5lZv152pDhRWW3X1Gms21QbN0W7JZJZ33HLjnQVMCGQL6hlX0_W7Ryfhm4FcVLvW6Hqp-N8-qkwTW1xGFm67HQkcfW5cRJTq4Fk-3-N2hHrNWyP5L9W5dN63f4c-bSJW8MXYk360GYGLVR1jrp4cXR3Lf4dVPV604). [The Brookings Brief] December 22, 2017 [Brookings on Twitter](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W2Mmb6G85MKcXW3gW6Ft5hC5YG0/5/f18dQhb0Sjvm94zGs-W8SMVYk2qwv2rW2MDFMm4cH8v1Vf5pmg5mbMf4W1BQYdP8V3mx6W7MzhxW9cY9zhW5ZBQmK7t-5nKW7BVKhs9bTNXYW954KlM4P0Yt6W2c4ZCs6dyrMVN2-CVyCZTtC-W70fl6p7PJ6bdW2gM1cw1THSXdW5J10-t5FHWx8W2GGqc92JDgVLW1Z-GGT8D1Qv0W3ygvH88c3fNZW5lq_061D9fCTW7t5DQT2HmhssN6zydTdgDJ2nW3kR9R41ny5pjW7GSrg66qyPHzW5M_SWx6sxBM1W762Z0F9gCF80W1Yn-3_4k2yCYMtJCL43_BV-f53VZGt01) [Brookings on Facebook](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W5MHV5s67qrdwW6L-W4D1lYLtk0/5/f18dQhb0SbTH94zGs-W8SMVYk2qwv2rW2MDFMm4cH8v1Vf5v-H5mbMf4W1BQYgz8Tm-BYW7bvkyY9f8M0SW8mQCyL5_SQxhW1T_LG26-gPgcW2gNHF319wZTJW7C49Bs6jbfMRW34VM0Y63BrfxW7xR9_s2Vjhb0W5bPQ0k7v4mGyW8p6tHM5wM1RKV91lL92KFZxKW3ZJfDt1C96pzVVR6H24q1yXrW6092hM54SnJxW4d22hk31lZKGN1D8pGdXHH-8W11wlDP1ny5pjW7GSrg66qyPHzW5M_SWx6sxBM1W762Z0F9gCF80W1Yn-3_4k2yCYMtJCL43_BTXf8TJp6h01) [Brookings on YouTube](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W7Jp01c4PKn2PW4JDnfc5-h8X90/5/f18dQhb0Sq5v93BlwTW8SMVYk2qwv2rW2MDFMm4cH8v1Vf5bvv57mvFqW3BJFQw8Vm6N7W7qwBPl7JD6_VW8mQCyL7K57CTW4BY3v-9f2dSTW8YbrBK8h2B1CW7JtS0C2dkBRqW83_Pyq834DLzW8XWrk52pxdxfW1h4FN47v7NWNW5gKvxz3SQgn2W3_CV3g3V_TcnVxZ29g41TlcRW3Tx3Jb5Tc3X-W3s1XjF51FXKLN9l9wt1cWbVfW4Wpz-03b137nW5ZcPgz5Z8rZqW79YfPF7s-s95W4ZggJC5gFzGgW61lPZv2686vsW9l2qpG6nYXqCVc1fl53qXBpZW67tztd4-7PKQW7DMkHn5V9WFRW3f5_rb9dnDh-f8hW1h204) NEW INTERACTIVE [Brookings experts weigh in on Trump’s National Security Strategy](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W5DNYQF3nLp03W8J0V5F45tkFm0/5/f18dQhb0SfHy8YHs76W8SMVYk2qwv2rW2MDFMm4cH8v1Mf5srbXD6prW7cmS1s8pCQ6vW2HB0s17ZlrztW7cFHYf63vjScW7d0brG7lPF2dW3B5knK4P7xlgW3D3Yn4859NSMW834t7h6Wsxz8W9dHfjM85Q8cvW7JCvzK2LKP1-W5Z8ktv8Y0k11W7JtTqn8mnw90W7bjnYC3lSh7jN5z6Shp7cq3vW7MJz5Y34D70_W2-J-SL2z_tPYW41Q2SW6gs7FKW3VKVtL6nGl8CW2r5Kr42HT8mrN6kG-BxyCMBlMwKJnC3qXWPW3p7LfZ5C6YcMW5n9_Hg7nZ_flW1D2sn95GMlKrW4bYZrg8mhg5wW7_jhqh4jLRRgW7KtdlX5vmVqpW6LZ8r_9l2t0mW8rgktK6nBcV2W73yKD270RWJmf4gK_RD11) [Brookings experts weigh in on Trump's National Security Strategy](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W8PkGcS8JcNxQW7TNrXM2vV_zM0/5/f18dQhb0SfHy8YHs76W8SMVYk2qwv2rW2MDFMm4cH8v1Mf5srbXD6prW7cmS1s8pCQ6vW2HB0s17ZlrztW7cFHYf63vjScW7d0brG7lPF2dW3B5knK4P7xlgW3D3Yn4859NSMW834t7h6Wsxz8W9dHfjM85Q8cvW7JCvzK2LKP1-W5Z8ktv8Y0k11W7JtTqn8mnw90W7bjnYC3lSh7jN5z6Shp7cq3vW7MJz5Y34D70_W2-J-SL2z_tPYW41Q2SW6gs7FKW3VKVtL6nGl8CW2r5Kr42HT8mrN6kG-BxyCMBlMwKJnC3qXWPW3p7LfZ5C6YcMW5n9_Hg7nZ_flW1D2sn95GMlKrW4bYZrg8mhg5wW7_jhqh4jLRRgW7KtdlX5vmVqpW6LZ8r_9l2t0mW8rgktK6nBcV2W73D2q470RWLrf3qCvG311) [Share on Facebook](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W7c8f625z1HzrW8MvHgf141Jpt0/5/f18dQhb0SmhX8YXNkgW8SMVYk2qwv2rW2MDFMm4cH8v1Mf58QlXD6prW39Dr-N8pCDKXW51TPdt97d1DWW7nwMJH7bWg4_N69_fycXn7D3W6GlTYD6VMTtwW2xFKFs6WRr6yW7NrzfV5Zh64RW79-VBq4BgpxZN4lg8xyc99Q7W7d7smh6Qh7jXW6N3tTP4rQbdXW96dDRS6RwW2pW6256g15tr7CkW2ybP3B8xVL06W61SSZm7mG7sDW51vX4y6GK0PyW5K9KT62z8TZQW5Db5vj6PNyC6W5ZpycS57-ZBTW83C5JP37RhtbW7NrMZs3ndfYDW4W9-ml5mKjF6N3lbDN1R3RZnVrX3l16VzKpqW7HFfp757fWmFW4d22hk31lZKGW1D8pGd2pbpq6VFhtQ-8j1VZYW3tS70Z7G9myxW2WD86x7JLSBQW7J0n5W80H4q6W8XqBS15bbDYKN4Pv86f5X_Sxf3tT1Bm02) [Share on Twitter](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W8cRqlv4mKxhLW2Gq0H94lRK8D0/5/f18dQhb0Sjvd8YXMK4W8SMVYk2qwv2rW2MDFMm4cH8v1Mf5tjCXD6prW7cmS1s1nNNN3W1njGYF7nwMJHW5CR0N34r1D85W7NY50L5mKdf4W3lSvnH9f2dSTW8YbdRw4R61LnW7NyhcW1JWKfgW7vp1Dg2m3tj-N7kqjpLl42MpW1Gp-hW3PngwKW2MkDmg7B0FKJW7nCjgl5x5RnqW346W435q9fjbW60TNTP1VhMklW6kY8lS6dBVznW448Fb32__sywW38nHSf5RY2sZW5hjb6F3PyBKSW1bTSSY5D40wMW43FD2V3jL1hnW5Hsr_p5G2WvyW77447r5J10-tW5FHM5w68B-DDW4l8MKJ8MCPKpW37P0d415hnZlW2_8RwC1my9VhN2lmLBJHpRXdW1Ww3VT14Sm1CW2nLlYH5hfQL4W8nFz0b9lQ7QkN6SzN72M7Wl0W4lzsGG5SHYSZW12rPCT2tFGZnW4Pxhj53DlwBbW5hjZPg22w0H00) In this interactive version of President Trump's inaugural National Security Strategy, Brookings experts offer more than 90 annotations assessing the administration's foreign policy and security agenda. EXPERT ANALYSIS [Estimating the rising cost of a surprising tax shelter](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W9k_sz86w44sqVY43Cf6NxQ1D0/5/f18dQhb0S5fp8YHs76W8SMVYk2qwv2rW2MDFMm4cH8v1Mf58snXD6prW7cmS1s8pCQ6vW2HB0s17ZlrztW7cFHYf63vk85N975qZ3cjk25W96dt6l2z8ZYgW98jtDK3j3J8RN1kq_cQ9bdS9W1kjng31vjpgxW2Qyl9s7GZFxcW2SznlY1G6gRPN5vf4dsRc8rHW5rh8mh1TsMK4W6nW53Z2Pz397W2QYy_S1Bs1FbV66JQN66K0bdW5K_BdT6CHFTsW1ksGJh1R4_lXW1V5BV86bw75WW5cvzZ732pdcWW5F34fn23-nGKW265VBJ22-vhJW1Q4cMN2vrpcLW1nnQd338kfdSN3QZDLvsnzC6N6JjW44VzQv-VVn7DD3nZxypW4JG5sf2LBsTzW7t3X0Z7tWf80W2F6qTv2NB2KkN3xxDzQJhjXkW1TDQ7Z3PHdv3W3wzXDs6C3RsbW36Z1F32HfPFLN9hH-7n4ZDMLD2LMBk7G6df7PNr9603) Adam Looney [Estimating the rising cost of a surprising tax shelter](V6NPcx10fBF1W7Fwk_j7dF_7t0/*N2rx3_rwLsr7W71YND58Tt6dc0/5/f18dQhb0S5fp8YHs76W8SMVYk2qwv2rW2MDFMm4cH8v1Mf58snXD6prW7cmS1s8pCQ6vW2HB0s17ZlrztW7cFHYf63vk85N975qZ3cjk25W96dt6l2z8ZYgW98jtDK3j3J8RN1kq_cQ9bdS9W1kjng31vjpgxW2Qyl9s7GZFxcW2SznlY1G6gRPN5vf4dsRc8rHW5rh8mh1TsMK4W6nW53Z2Pz397W2QYy_S1Bs1FbV66JQN66K0bdW5K_BdT6CHFTsW1ksGJh1R4_lXW1V5BV86bw75WW5cvzZ732pdcWW5F34fn23-nGKW265VBJ22-vhJW1Q4cMN2vrpcLW1nnQd338kfdSN3QZDLvsnzC6N6JjW44VzQv-VVn7DD3nZxypW4JG5sf2LBsTzW7t3X0Z7tWf80W2F6qTv2NB2KkN3xxDzQJhjXkW1TDQ7Z3PHdv3W3wzXDs6C3RsbW36Z1F32HfPFLN9hH-7n4ZDNkM2LMBk1fyg-f8vfQLF03) [Share on Facebook](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W7lW4987tFc-DVmTVww79K6LZ0/5/f18dQhb0S1Wd6_rVWdVMsvc85VRmg5VNglwv4-wJHbW7HV_vG2r2f7vW2Vxn2t3nG8dFW7XMRsc55VgY9W5phc5s1gKXVlW181Bq97nzgk3W7QwcRB3sMSS6W8Mx7k96W97CCW3c70W06lyDDFW3jmZzd7_BjJMW1N3y2b1x8xllW1rwZyr7l5J3pW7hS7sn1HPhkVW7VsZ0z55B-7WW62fQxx4dyythW1L7K6Y6Qt9CYW15Mh7y1DZYP_W3RC-jq5WXDstW1kb61r2qqDBPN51Td7ykRXdQVDJJpJ6w-kt0W51WSPM8PcXfnW6qNkNX7CJ3yWW7WSzYd1NbBxTVQXKJq64cKbRW7cRDZ62vrRWHW7CCTbz8_cvFJVWcYKN9d8B3lW5zmZvv78PyP4W7gC1y87c3053W6DxHth2hFdwnVrj1231KyWNJN1N2BHtT32hCW2w2KlN1XwyTlN4lpHZ_vs5nxW4Rf9CK3C5_RNW9bczNq4F4GT_N65HZ0wzK42mW6YtKLG3b5ZbrW73d5001gYvqxf50ttRw11) [Share on Twitter](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W5HMw846xt27FW6tP8Hc5SMmL70/5/f18dQhb0S5fs8XJbV6W8SMVYk2qwv2rW2MDFMm4cH8v1Mf5xtgXD6prW7cmS1s1nNNN3W1njGYF7nwMJHW5CR0N34r1D85W7NY50L5mKdf4W3mczMl7vclnbW7tZW7G1j3VGKW33_mln3fJ_gqW8r-1t66cpjg4W5j8V3L624VhvW2HB8S85mBmr8W3zqBkl12vdpYW1xrcMc41y2cWW548wLf8_1vj5W59wXmR84YBHWW2KBRYB5nbq6BVGXpVf3-jszzN2my1RS-wmgbW33ptTl7dDxTNW7mWsnX7dzcsSW51vDDW56vHg5W69NG1w6Pr3nqW12Qmpr579RDzN2RTJbxk7Pb-W3ygvH88c3fNZW5lqXvb5-Vnq_W20Sbt1621c4ZW76psf75_PntmV215-p1Jp48gW1nVz6t4C2r1lV8rxB32RMFBxW3rp8DD5NhDcQW8M355D1tj03zvVL6QTlYbdNYDCy02) Adam Looney explains how a conservation tax deduction—commonly exploited by wealthy land investors to generate profit—can be fixed to mitigate widespread abuse and preserved for its intended charitable purpose. ON THE AVENUE [How higher education is driving a Rust Belt revival](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W7mBbVj3LpzZYW1nW72y1Vrkcq0/5/f18dQhb0S4JW2jVZsxW12hm5C2XX_x7VRKQJL73hW47N3Xpj18BXtXBW742Mk56Njq9qW1P7w1f6_rBj3W5yh73_19G5CsW6_SWhT5ZmrczW45n5583QGtj3W2c_lyW7thswwW6gQ_V47YTkHyW21mJvS3X-KJ_W2dxWQv4j2H6WW2RMVVd8TF2j8W7VnX9g10RDfzW7j_nh61NPFqNW2Bb9PR7JK06dW4_4NB25gJMNgVfGPGK1WKrsnW1SHLPb2D4CCkW6PyPTT7lV5BlN5C5RyBHLYk2W6S0Zw-97XKvTW2KhbPK3wH8swN1WS1DRk4hmXN3G2lJDPdz0pW1xyQGF5dC6g2W6zmsy24l3x6rW5RXLCS8ntBZyV56mc98YDp22W68vyfg44T3XzW6rmpcw2YfylXW8m8dbW7Zn3bYW7THtXy7G_KrLW5K2mGX4DRJ-2W3tQGj18S1_1wW860s5D4FnxGMW1B36kK5X_nmpMwg7wZfF7cT111) John C. Austin | [@John_C_Austin](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W7HXd1r99Q8X_W5dDRLB18tYxH0/5/f18dQhb0SbTK93BlP4W8SMVYk2qwv2rW2MDFMm4cH8v1Vf5xnx5mbMf4W1BQYgz8Tm-BjW8V3mx67MzhxWW9cY9wk6rdL3gW4qyWGf7K51V6W2dkBRq83_PyqW834DLz8XWrmtW5ZBQmK7t-5nKW35_0L55ZcN0sW1ZJ4fw4DqHqzW6dgmw34yv2r0W3LmS2W2r40NnW3M3KvX3WvC2HW2PS9sY2HT8mrN6l4GQ9Ps031VgkKmy5qm0cvW2HGNb92HGMS8W30yKH24rxRf7W6246_21Vpv30V215-p1Jp48gW1nVz6t4C2r1lV8rxB32RMFBxW3rp8DD5NhDcQW8M355D1tj03zvVL6QTh5Xf4d1Zqs02) [How higher education is driving a Rust Belt revival](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W2JsmtM7yJVPHVGGN3X8KcTFK0/5/f18dQhb0S4JW2dYTs8V11SNC2XX_x7VRKQJL72Y0zLW6Ffn954_vZ84W8cBjCf3nGc2lW1XxhCY2CtWJmN4f2grZGlLJgVg1vg39fmTjYW5px--S81CnPJW4ssX011JcNkbW6XgdJN10J-dGW46QPGd6ygN55W1Ct54H3hFNDVN3ktp_K7tRhZW1n00B-1DkNVSV4RdvR1dGyVVW5J6Pt_6R0dr4VkXs2-31P1NLM-f2dgngHV2W4_mntQ7hRS8vW6bsG8M7l_N9vN5M_dn9HKhRHW4tfWyG7PN6pgVmg4nR3GKGLZW5z0x_V6PKF07W6v2MSd5mbZ94Vs0D1b2XzSC1VkhDbK3vMLLxW2Zm0Yg1yxYXmW1-jZDQ4DpGfHW3RcngH3pYcG0W6r5nGY5w7qj8Vxg5K75KKrwpW6gTGJw6sFvgGW8pmNcS5SwfjwW7TPZTC6NZkjDW6TYKvt1Djqg3W3L1-cQ6s1KlWW1f1fBQ1LPwlH111) [Share on Facebook](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W6DwVPw5jLMXjW32S-Rh2v2qGM0/5/f18dQhb0S65P2dYTs8V1267W5VRrtMN2Z7HNvDVGsPW6np_xF4W31P8W11K8zC2MTyHlW1pWHPF5mP0WsVLvLDV4SVyxbV2xqcB4Hkpt8W8cNc9V8mNgGtW2hYqBR8VhswjW922gsL13ngjzW7h2Hft8r9vRHW8lRGNk2hlYknW8vpHdW5JbCyWW6rnS4G48y2hzW5fM5R916fC8cN3r8QJ1mG5slW3pyh2j4rmQSqW5SVygJ5Xh6C7N3B4m2JK3ctKN72654bsydsRW6s7f2y8PCx8GVx0QNh5lrNcbTmchZ65tS7cN5bYR5_1G-gVW2wM3rb1_bpdNW2RcPvy4Q-kLGW5dST4Y3DgHTHW58FGBf75MzqHW7bXVwm3CmMYWW4N_VJc794mHfW6DPrVl56QqkVW7Ph1RC83LWFqW4TScGt5PXmCCW8q-yZV1-F1hKW7DDvPM7T5cFlW6dRYBJ7-tMNtVz4Qtf6pxQYXW8Bz-J78Sk2TrW4mqx4Z3vK-xcW4XjBXZ4b31QNW1y9Zbv3pwdhT0) [Share on Twitter](V6NPcx10fBF1W7Fwk_j7dF_7t0/*W6JN-qR67SBxLW2bkGTY2_FjDQ0/5/f18dQhb0S5fl8Y9YL6W8lqkn64T_wC2W5wfhvK8rlj-2VscVKW1VbPj2W53DQ4N2Ny77fW2KFPsR5mZ50NW1Ww6xP8W1NKFW6bMLDH1njBJwW6GlkQh6c-1ltW5DHCTJ2xFshWW2KRk742HRydFW5hl8RH1kH19sW7qY6k-4LT9z8MwZbZd2CQkLW24KLRn6DtvLFW1PLZpy3QnLB-W60SrGK3-z3xzW4zXdRx6qgW2VW6FMxH-954KlMW4P0Yt62c4KT-W1FqW0l2Bp_WKW7v7NZ23Z-f5rW2-J-SL2z_tPYW41Q2SW6gs7FKW3VKVtL6nGl6dW2C-rXR8jvxg7N33t-0L5gKM-VVR6H24q1yXrW6092hM54SnJxW4d22hk31lZKGW1D8pGd2pbpm8VMc6kx8j1VZYW3tS70Z7G9myxW2WD86x7JLSBQW7J0n5W80H4q6W8XqBS15bbDYKN4Pv86f5XQS2f72wL2k02) Home to 20 of the world’s premier research and teaching universities and a source of 33 percent of STEM graduates in the United States, the Rust Belt’s higher education institutions are helping to reboot regional economies, but diminished funding threatens the pathway to recovery. 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