Senator Rand Paul To Propose Economic Freedom Zones In Detroit

(Detroit, MI) -- Senator Rand Paul will be speaking to the Detroit Economic Club today about a proposal to cut federal taxes for companies that locate in economically depressed areas. The Kentucky Republican is pushing for so-called "Economic Freedom Zones" as a ten-year program and alternative to the current federal-grant system. Paul told reporters on a conference call yesterday that the potential impact on Detroit could be significant, and said he will give details during the speech.