On April 10, Puerto Rico Governor Ricardo Rossello Nevares provided a second monthly report to the U.S. Congress on the development of a recovery plan for the territory from last September’s hurricanes. The report comes in the form of a letter from the Governor to leaders of the House and Senate, including Senate Majority Leader… Read more »
On December 18, 2017, Puerto Rico Resident Commissioner Jenniffer González-Colón sent a letter to House Appropriations Committee Chairman Rodney Frelinghuysen (R-NJ) detailing her requests for disaster relief for Puerto Rico. The Resident Commissioner’s requests in her December 18 letter have gone unanswered, but Congress may act before the end of next week to provide disaster… Read more »
Some Puerto Rico leaders are claiming unfair treatment for Puerto Rico in the new tax bill. Fully understanding the situation, however, requires us to remember the history of corporate tax deals in Puerto Rico. It all started with 936. … Read more »
Almost 60 Democratic Member of Congress sent a letter last week to U.S. House Speaker Paul Ryan (R-WI) and U.S. Senate Leader Mitch McConnell (R-KY) regarding the ongoing healthcare crisis in Puerto Rico and the Virgin Islands. The letter begins with a succinct desire to “avoid further fatalities” in the U.S. territories affected by Hurricanes… Read more »
A popular tax credit fully available to U.S. citizens living in the fifty states was expanded in the Federal tax overhaul proposal introduced in the House of Representatives last week while Puerto Rico’s more limited version of the tax credit remained unchanged. The Child Tax Credit (CTC) allows a family to reduce its federal tax… Read more »
Governor Rosselló sent a letter to Congressional leadership yesterday requesting action to address the growing crisis in Puerto Rico’s healthcare system. The letter was addressed to Senate Majority Leader Mitchell McConnell (R-KY), Speaker of the House Paul Ryan (R-WI), Senate Democratic Leader Senate Charles Schumer (R-NY), and Democratic House Leader Nancy Pelosi (D-CA). After the House and… Read more »
The Puerto Rico Financial Oversight and Management Board “is actively working to assess how” the 10-year fiscal adjustment plans for the Government of Puerto Rico and several of its instrumentalities that it adopted “should change in the aftermath of Hurricanes Irma and Maria.” In a letter released Saturday, the Board wrote to eleven Democratic U.S. Senators… Read more »
On Wednesday October 11, 2017, House Republicans held a media availability event where they addressed the disaster relief legislation that is expected to pass today. This disaster relief legislation will address the relief efforts that stemmed from the California wildfires, and Hurricanes Harvey, Irma, Maria, and Nate. The Senate intends to consider a related proposal… Read more »
On October 3, 2017, the Puerto Rico Financial Oversight and Management Board (FOMB) sent a letter to Mitchell McConnell, Majority Leader of the Senate, Paul Ryan, Speaker of the House of Representatives, Charles Schumer, Minority Leader of the Senate, and Nancy Pelosi, Democratic Leader of the House of Representatives. In the letter, the FOMB urges… Read more »
In response to the Hurricane Maria disaster that has devastated Puerto Rico, the territory’s federally-named Financial Oversight and Management Board has dropped its demand that Governor Ricardo Rossello Nevares (New Progressive Party-NPP) cut the working hours of all territorial Executive branch employees and pensions by 10% during insular Fiscal Year 2018, which ends next June… Read more »
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