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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (851103)	4/20/2015 10:46:40 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 1577868

They have a plan... cut taxes, cut regulations, wait for jobs to trickle down. Senator’s Fix For Detroit: Eliminate Federal Taxes And Regulations Sen. Rand Paul (R-KY) is touting a plan to all but eliminate federal taxes and environmental regulations in places like Detroit to help the city bounce back from bankruptcy. The proposal reflects ideas championed by supply-side conservatives like Jack Kemp in the 1980s and 1990s, and derided as a form of “benign neglect” by other urban policy experts. Tax cuts that primarily benefit the wealthy aren’t likely to do much for Detroit, where 60 percent of tax filers had taxable incomes of less than $20,000 in 2011. As the Detroit Free Press noted, “it’s difficult to know just how much impact a plan like Paul’s could have, with more than a third of the city’s residents living below the federal poverty level.”