About Me

My photo
This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.

Wednesday, December 4, 2013

Rand Paul offers plan to save Detroit: cut taxes, regulations, union rules -- By Paul Bedard, The Washington Examiner

Kentucky Sen. Rand Paul this week is traveling to Detroit, the nation’s economic disaster zone, to lay out a sweeping proposal to revive Motor City while also extending his recent outreach to blacks by opening a GOP African American engagement office.

Paul, a 2016 GOP presidential front-runner, will be in Detroit Friday to address the Detroit Economic Club where he will unveil a plan to create economic “freedom zones,” a unique agenda that features help to poor families and struggling businesses.

In what could be a cornerstone of Paul’s economic agenda for troubled cities and regions, he will detail his “Detroit economic plan” to revitalize the city’s economy with growth-encouraging tax and regulations changes.

His trip makes him the first to offer a blueprint to restore Detroit's lost luster and comes during a week in which a federal bankruptcy judge gave the city unprecedented powers to take virtually any move to pull out of an economic tailspin.

Key to Paul's plan:

-- Providing eligible areas with a reduction in individual and corporate income tax to a single, flat 5 percent rate.
-- Reducing the payroll tax.
-- Providing child education tax credits to parents.
-- Suspending EPA non-attainment designations in Economic Freedom Zone areas.
-- Suspend Davis-Bacon wage requirements on federal projects.

“Right now I think Detroit is in a downward spiral and something’s got to be done,” Paul recently told the Detroit News.

(Click link below to read more)
READ MORE Sphere: Related Content

No comments:

Post a Comment