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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- Judy Chaffee
- 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
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