Rand Introduces Economic Freedom Zones Act of 2015

[Matt Collins]

From a press release:

Sen. Rand Paul Introduces Economic Freedom Zones Act of 2015

WASHINGTON, D.C. – Sen. Rand Paul today reintroduced the Economic Freedom Zones Act of 2015. This legislation will establish free market enterprise zones and dramatically reduce taxes in order to help facilitate the creation of new jobs, entrepreneurial opportunities, enhance and renew educational opportunities and increase community involvement in bankrupt or economically distressed areas. These zones will apply to any zip code with unemployment greater than one and a half times the national average.

“There are many communities in our country still waiting and praying for economic recovery and opportunity,” said Sen. Paul. “I want to give Americans in these places the chance to succeed.”

“The Economic Freedom Zones Act will allow impoverished areas to remove the shackles of big government by reducing taxes, regulations, and burdensome work requirements. These zones will give parents and students the flexibility to find better schools and provide incentives for philanthropy. By taking drastic, meaningful action, we can create new jobs and finally get these communities back to work,” Sen. Paul continued.

[torchbearer]

[osan]

From a press release:

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The Onion?

[Intoxiklown]

I really wish this premise would take strong hold. I am involved in a couple of deals out of the Dominican Republic, and one of the selling points was their import / export tax free zones. They will attract businesses, and they will create jobs. If you can get the government to prioritize jobs and local income generation over regulation and impoverished conditions to generate talking points, that is.

[r3volution 3.0]

It's a great idea, I really hope he makes it a central theme of his campaign.

Here's an episode of the Tom Woods Show about the growing movement to established such zones around the world (focus on Honduras).