President Barack Obama will announce five “Promise Zones” this week as part of his effort to focus on income inequality in the lead-up to his State of the Union address.
Promise Zones are areas where the federal government provides tax incentives and grants to help communities tackle poverty. Obama first announced the initiative during last year’s State of the Union speech.
On Thursday, Obama will announce the first Promise Zone locations. They’re in San Antonio, Texas; Philadelphia; Los Angeles; southeastern Kentucky and the Choctaw Nation of Oklahoma.
The White House says Obama believes investing in and rebuilding economically challenged communities is crucial to helping children have a chance at success.
(AP)
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3 Responses
Hey Obamanation how about investing with your PERSONAL money instead of OURS!
Amazing how in 2014 what we used to call “crack infested slums” are now called “promise zones.”
Look at this morning’s WSJ. Since Lyndon Johnson declared war on poverty, the US has spent 50 trillion dollars on it – with what results?!?
Until the recipients are motivated to pull themselves up, this is all throwing good money after bad.