U.S. SenateWASHINGTON, D.C. (7/14/17) — U.S. Senators Rand Paul and Mitch McConnell reintroduced the Economic Freedom Zones Act Thursday.

This legislation will establish free market enterprise zones and dramatically reduce taxes to help facilitate the creation of new jobs and entrepreneurial opportunities, enhance and renew educational opportunities, and increase community involvement in bankrupt or economically distressed areas, according to a press release.

“The Economic Freedom Zones Act will bring hope to struggling communities by relieving the oppressive, big government burdens weighing them down,” said Paul. “It’s time the federal government stop picking winners and losers and instead trust in the ingenuity of the American people.”

“By reintroducing this legislation, we are standing up for American families who are suffering under the strain of regulation and the consequences of failed economic policies,” said McConnell. “Innovative ideas like this will help bring hope and prosperity to distressed communities across our nation, including those in Kentucky.”

The Economic Freedom Zones Act will apply to any zip code with unemployment greater than one and a half times the national average and to other economically depressed areas. Last year, the Senate voted on the bill as an amendment to H.R. 2028, the Energy Policy Modernization Act.

To read the Economic Freedom Zones Act, click here. Find the top-line bullet points and background information here.

SurfKY News
Information provided by Sen. Rand Paul

sitelogosm© Copyright 2008 - 2017 SurfKY News Group, Inc. All rights reserved.
This material may not be published, broadcast, or rewritten without permission.

Click here to subscribe to receive daily updates by email.

Most Read This Week

Jul 16, 2017 8709

Home Visit Leads to Meth Possession Arrests

by Rita Dukes Smith, SurfKY News Director
Jul 17, 2017 8523

Man’s Alleged Attempt to Outrun Cops on Scooter Ends in Arrest

by Doreen Dennis, SurfKY News
Jul 19, 2017 8300

Pickup Truck Strikes Pedestrian on South Main Crosswalk

by Doreen Dennis, SurfKY News
Jul 16, 2017 7301

UPDATE: 33-Year-Old Man Victim of Fiery Crash into Building

by Rita Dukes Smith, SurfKY News Director

Most Read This Month

Jul 09, 2017 33329

UPDATE: CCPD Releases Fatal Motorcycle Accident Information

by Rita Dukes Smith, SurfKY News Director
Jul 14, 2017 28934

UPDATE 3: 5 Names Released from 6-Person Fatality

by SurfKY News Staff Report

Weather brought to you by

90°
32°
°F | °C
Mostly Sunny
Humidity: 68%
Fri
Thunderstorms
76 | 97
24 | 36
Sat
Thunderstorms
78 | 96
25 | 35
Sun
Thunderstorms
80 | 90
26 | 32
Mon
Thunderstorms
74 | 86
23 | 30

Stories Trending Today

KY603CloseHaydenRdOboro0717
Jul 16, 2017 11583

Closure on Ky. 603 in Daviess Co. Starts July 17

by SurfKY News
arrest2 green 300
Jul 16, 2017 8709

Home Visit Leads to Meth Possession Arrests

by Rita Dukes Smith, SurfKY News Director
MPD Ross 7 17
Jul 17, 2017 8523

Man’s Alleged Attempt to Outrun Cops on Scooter Ends in Arrest

by Doreen Dennis, SurfKY News
pedestrian hit red 300
Jul 19, 2017 8300

Pickup Truck Strikes Pedestrian on South Main Crosswalk

by Doreen Dennis, SurfKY News
fatal collision 3 300
Jul 17, 2017 7301

UPDATE: 33-Year-Old Man Victim of Fiery Crash into Building

by Rita Dukes Smith, SurfKY News Director

Market Report

Market Report brought to you by