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.

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