Paul seeks to broaden appeal to Detroit voters, offers economic plan in visit | The Detroit News - Jim Lynch:
December 6, 2013 - "Kentucky U.S. Sen. Rand Paul proposed an economic revival plan he argues would generate more than $1 billion for Detroit during a series of local stops Friday to tout a new Republican strategy for reaching out to black voters.
"The libertarian-leaning GOP senator touted his 'economic freedom zones' — a tax-slashing strategy designed to boost Detroit and other areas in need — before a Detroit Economic Club luncheon crowd of more than 400 at the Motor City Casino Hotel. The plan calls for reducing individual and corporate income taxes to a flat rate of 5 percent in areas hardest hit by unemployment, as well as lowering payroll taxes and eliminating capital gains taxes.
"'Over a 10-year period, (it will mean) a $1.3 billion stimulus for Detroit,' Paul said. 'So those who say it won’t work ... we calculated it. A $1.3 billion stimulus — not from Houston, not from Atlanta. It’s your money. We’re not going to take it to Washington; we’ll leave it with you'....
"In addition, the income requirement for entrepreneurial immigrants would be reduced to $50,000 to encourage people from around the world to move to Detroit.
"Paul, considered a potential 2016 presidential candidate, visited Detroit primarily to promote the plan and help the Michigan Republican Party expand its outreach efforts with minority voters."
Read more: http://www.detroitnews.com/article/20131206/METRO01/312060086/Paul-Economic-plan-would-1-3B-stimulus-Detroit-
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December 6, 2013 - "Kentucky U.S. Sen. Rand Paul proposed an economic revival plan he argues would generate more than $1 billion for Detroit during a series of local stops Friday to tout a new Republican strategy for reaching out to black voters.
"The libertarian-leaning GOP senator touted his 'economic freedom zones' — a tax-slashing strategy designed to boost Detroit and other areas in need — before a Detroit Economic Club luncheon crowd of more than 400 at the Motor City Casino Hotel. The plan calls for reducing individual and corporate income taxes to a flat rate of 5 percent in areas hardest hit by unemployment, as well as lowering payroll taxes and eliminating capital gains taxes.
"'Over a 10-year period, (it will mean) a $1.3 billion stimulus for Detroit,' Paul said. 'So those who say it won’t work ... we calculated it. A $1.3 billion stimulus — not from Houston, not from Atlanta. It’s your money. We’re not going to take it to Washington; we’ll leave it with you'....
"In addition, the income requirement for entrepreneurial immigrants would be reduced to $50,000 to encourage people from around the world to move to Detroit.
"Paul, considered a potential 2016 presidential candidate, visited Detroit primarily to promote the plan and help the Michigan Republican Party expand its outreach efforts with minority voters."
Read more: http://www.detroitnews.com/article/20131206/METRO01/312060086/Paul-Economic-plan-would-1-3B-stimulus-Detroit-
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