Posts Tagged: Ricardo Rossello

Governor Rossello Plans a Political Movement in the States

Governor Ricardo Rossello was interviewed by Noah Trevor, host of the late-night news satire program The Daily Show. While speaking about the recovery efforts, his desire to “pivot from recovery to rebuilding,” and the value of statehood for Puerto Rico, the governor also spoke clearly about his plans to mobilize the diaspora in the States… Read more »

Tension among leaders in Puerto Rico and Washington

A series of letters sent back and forth over the past few weeks highlights the tension growing among Puerto Rico’s elected leaders, the PROMESA oversight board (FOMB), and leaders in Washington. The FOMB was scheduled to approve Governor Rossello’s fiscal plan on March 30th of this year, but still has not done so. It is… Read more »

Governor Reports to Congress on Recovery Plan

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 »

Puerto Ricans to ‘Vote’ for President in 2020

Puerto Ricans will vote for the president and vice-president of the United States beginning in 2020 under a territorial law signed Saturday. The vote will not count in deciding the winners of the elections but it could have a slight influence in determining the candidates who win Florida’s important Electoral Votes. There may now be… Read more »

Ambiguity Over Cash Calls Fiscal Plans into Question

Not knowing how much cash the Government of Puerto Rico really has available makes determining fiscal plans for it difficult, Financial Oversight and Management Board Member Jose Ramon Gonzalez said after today’s Board hearing on the Government’s cash position. He added that the information was also needed to enable the Government to draw down loans… Read more »

Disaster Relief Funding for Puerto Rico Remains Elusive

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 »

Rebuilding Puerto Rico with the Help of the Diaspora

Puerto Rico Governor Ricardo Rosselló said in newspaper interviews that the Hurricane Maria disaster will accelerate his plans to organize the more than 5.3 million Puerto Ricans in the States to support Puerto Rico in Washington, D.C. Rossello says that the devastation brought about by the hurricanes in September will actually provide an opportunity to… Read more »

Corporate Tax Reform and Puerto Rico

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 »

Half of Puerto Rico Still without Power

Puerto Rico’s government website on the status of Puerto Rico’s recovery from Hurricane Maria reports, as of this writing, that nearly 70% of Puerto Rico has electricity. Like the claim that more than 96% have safe water, this is not exactly true. That 70% figure, according to Puerto Rico Electric Power Authority interim Executive Director… Read more »

Puerto Rico and the Tax Cuts and Jobs Act

The tax bill passed by the House of Representatives mentions Puerto Rico specifically in a section called “Provisions Related to Possessions of the United States.” Puerto Rico, in common with other territories of the U.S., is a possession of the United States. Rules for possessions of the United States The first point in this section… Read more »