Ky. senator says low, flat tax could help Detroit
DETROIT (AP) - A Kentucky Republican senator who may run for president says bankrupt Detroit needs lower tax rates to recover.
Rand Paul speaks Friday at the Detroit Economic Club. He gave a preview of his message to reporters Thursday, saying cities with high unemployment like Detroit need lower tax rates to stimulate economic growth.
Paul says it's time for "something dramatic to happen."
He's pledging to introduce legislation Monday but acknowledges the bill may face a chilly reception in Congress. Paul supports a flat tax rate of 5 percent in neighborhoods with unemployment above the national figure.
Paul is considering a run for the Republican nomination for president in 2016.