Rand Paul on Promise Zones
Senator Rand Paul says President Obama’s motives are “in the right place” concerning the Administration’s plan to establish a “Promise Zone” in southeastern Kentucky to fight poverty and unemployment. However, the Republican lawmaker thinks an alternative he’s recommending would work better.
Paul says the President’s plan relies on grants and tax breaks to expand job training, affordable housing and education. The senator claims his idea for “Economic Freedom Zones” where corporate, personal and payroll taxes for business would be drastically reduced has a better chance to work.
He says grants force everyone to bail out impoverished regions but tax breaks simply keep money in communities that need help. Paul says, over ten years, that would allow a lot of capital to stay in eastern Kentucky…
Paul says 50 years after President Johnson declared a “War on Poverty”, much of eastern Kentucky is impoverished.