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Economic Freedom Zone Bill Reintroduced to Relieve Distressed US Communities

© REUTERS / Joshua RobertsSenate Majority Leader Mitch McConnell (R-KY) speaks about the election of Donald Trump in the U.S. presidential election in Washington, U.S., November 9, 2016
Senate Majority Leader Mitch McConnell (R-KY) speaks about the election of Donald Trump in the U.S. presidential election in Washington, U.S., November 9, 2016 - Sputnik International
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US Senators Rand Paul and Mitch McConnell in a statement on Friday said they resubmitted legislation known as the Economic Freedom Zones Act which is aimed at helping economically stressed communities rebuild their infrastructure.

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WASHINGTON (Sputnik) — "By reintroducing this legislation, we are standing up for American families who are suffering under the strain of regulation and the consequences of failed economic policies," McConnell said. "Innovative ideas like this will help bring hope and prosperity to distressed communities across our nation."

The senators claim the nearly tax-free zones will improve employment prospects for the jobless in high unemployment communities around the United States.

"The Economic Freedom Zones Act will bring hope to struggling communities by relieving the oppressive, big government burdens weighing them down," Paul claimed.

The legislation will cover communities who have an unemployment rate over 1.5 times that of the national average.

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