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Updated: May 22, 2025
Tonight, I propose a large New Markets Tax Credit and other incentives to spur $22 billion in private-sector capital to create new businesses and new investments in inner cities and rural areas. Empowerment Zones have been creating these opportunities for five years now. We should also increase incentives to invest in them and create more of them. This is not a Democratic or a Republican issue.
Tonight, I propose a large New Markets Tax Credit and other incentives to spur $22 billion in private-sector capital to create new businesses and new investments in inner cities and rural areas. Empowerment Zones have been creating these opportunities for five years now. We should also increase incentives to invest in them and create more of them. This is not a Democratic or a Republican issue.
Millions of Americans have refinanced their homes and our economy has produced 1.6 million private-sector jobs in 1993, more than were created in the previous four years combined. The people who supported this economic plan should be proud of its early results proud. But everyone in this chamber should know and acknowledge that there is more to do.
Millions of Americans have refinanced their homes and our economy has produced 1.6 million private-sector jobs in 1993, more than were created in the previous four years combined. The people who supported this economic plan should be proud of its early results proud. But everyone in this chamber should know and acknowledge that there is more to do.
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