Oct. 30, 2013 — Although U. S. Sen. Rand Paul is “still considering” a run for the White House in 2016, last week's visit in Grayson certainly sounded like a campaign stop.
U.S. Rep. Thomas Massie accompanied Paul and warmed up the crowd.
“I hate getting calls to let me know my cattle are in Hal Rogers district,” the Lewis County native told the mostly conservative crowd at Estep's Family Restaurant Thursday morning. “I would personally like to see him (Paul) to move to another house.”
“I have good news and bad news, your government is open, and your government is open,” Paul said to a receptive crowd.
Paul went on to quantify the national debt issue, calling it “unsustainable and completely insane.”
He touched on the difficulties with the government’s healthcare website, which he claimed are present because the government can't operate with a profit model.
He quickly returned to fiscal issues, discussing his plans for economic stimulus.
Paul said he intends to propose a bill when he returns to DC to introduce “Economic Freedom Zone,” a plan he said would help communities that are considered distressed. A community qualifies as “distressed” if its unemployment rate exceeds 12 percent.
With the plan, all communities deemed distressed would receive a cut in federal taxes. Personal income tax and corporate tax would both be reduced to five percent for everyone in the area and payroll taxes would be reduced to two percent, he said.
The stimulus would last over a 10-year period. The lowered rates would stay the same over the first five years and tax rates would gradually go back to normal over the last five years.
Paul said Economic Freedom Zones are not like a traditional government stimulus. “You get back some of your money that you earned,” he said. “You just don’t have to send as much to Washington.”