Economic Freedom Zones Act

By  | 

BARREN COUNTY, Ky. (WBKO) -- Senator's Rand Paul and Mitch McConnell have introduced a new bill in hopes of helping businesses and families grow.

Local Judge Executives thinks this will have an affect Kentuckians.

It's the Economic Freedom Zones Act. A bill our Senators are hoping will empower economically depressed areas to help create new jobs and give them a chance to grow.

"It has the potential to help people. I think anything they can do to help keep people working, or get people working, and get jobs for people that are paying good salaries, that's all they can do," said the Barren County Judge Executive.

The bill is supposed to lower personal and corporate income taxes in these depressed areas to help them prosper in tough economic times. But some are worried what it will do to counties here in Kentucky that aren't suffering.

""I think it would certainly benefit areas in Eastern Kentucky and the coal mining region to be able to have this. I think it would help those areas, but also I kind of wonder if it would give us more competition for local projects ourselves and for an area that's maybe not as depressed," said the Logan County Judge Executive.

Others feel anything at this point is helpful to our impoverished areas.

"I think anyway you can help these people, it's going to help. You have to start trying sometime. You can't just let things keep going the way it is," said the Barren County Judge Executive.

In a statement about his new bill Senator Paul says it's a simple solution to getting people back to work.

Stating: "The answer to poverty and unemployment is not another government bailout; it is simply leaving more money in the hands of those who earned it."

The Legislation was written by Paul and has been Co-Sponsored by McConnell.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus